Finding Firms with Largest Delta in Net COVID Sentiment
library(tidyverse)── Attaching core tidyverse packages ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────── tidyverse 2.0.0 ──
✔ dplyr 1.1.4 ✔ readr 2.1.5
✔ forcats 1.0.0 ✔ stringr 1.5.1
✔ ggplot2 3.5.1 ✔ tibble 3.2.1
✔ lubridate 1.9.4 ✔ tidyr 1.3.1
✔ purrr 1.0.4 ── Conflicts ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── tidyverse_conflicts() ──
✖ dplyr::filter() masks stats::filter()
✖ dplyr::lag() masks stats::lag()
ℹ Use the ]8;;http://conflicted.r-lib.org/conflicted package]8;; to force all conflicts to become errorslibrary(ggplot2)
library(dplyr)
library(lubridate)
library(corrr)
library(haven)
library(lme4) Loading required package: Matrix
Attaching package: ‘Matrix’
The following objects are masked from ‘package:tidyr’:
expand, pack, unpacklibrary(broom.mixed)
library(ggrepel)
library(ggpubr)
library(ggpmisc)Loading required package: ggpp
Registered S3 methods overwritten by 'ggpp':
method from
heightDetails.titleGrob ggplot2
widthDetails.titleGrob ggplot2
Attaching package: ‘ggpp’
The following objects are masked from ‘package:ggpubr’:
as_npc, as_npcx, as_npcy
The following object is masked from ‘package:ggplot2’:
annotateRead in data file
firms <- read_dta('../data/firmquarter_2022q1.dta')
firms NAFind entries whose COVID Net Sentiment isn’t 0
NonZero_Firms <- firms |>
filter(`Covid_Net_Sentiment` != 0) |>
filter(hqcountrycode=='US') |>
mutate(Day_of_EarningsCall=dmy(date_earningscall))
NonZero_Firms Find firms (and their earnings calls) the largest Deltas in their Net COVID Sentiments over time.
Min_Max_Net_COVID_Sentiments <- NonZero_Firms |>
group_by(company_name) |>
mutate(Min_Net_COVID_Sentiment=min(Covid_Net_Sentiment)) |>
mutate(Max_Net_COVID_Sentiment=max(Covid_Net_Sentiment)) |>
mutate(Delta_Net_COVID_Sentiment=Max_Net_COVID_Sentiment - Min_Net_COVID_Sentiment) |>
arrange(desc(Delta_Net_COVID_Sentiment))
# arrange(desc(ticker)) |>
# arrange(Day_of_EarningsCall)
Min_Max_Net_COVID_Sentiments NAFind top firms with the largest Deltas in their Net COVID Sentiments over time.
# Top_Firms <- Min_Max_Net_COVID_Sentiments |>
# distinct(company_name)
# Top_Firms
# write_csv(Top_Firms, '../data/Top_Firms.csv')
# Dates_Min_Max_Net_COVID_Sentiments <- Min_Max_Net_COVID_Sentiments |>
# group_by(company_name) |>
# filter(Covid_Net_Sentiment==Min_Net_COVID_Sentiment | Covid_Net_Sentiment==Max_Net_COVID_Sentiment) |>
# arrange(desc(Delta_Net_COVID_Sentiment))
#
# Dates_Min_Max_Net_COVID_Sentiments
# write_csv(Dates_Min_Max_Net_COVID_Sentiments, '../data/Dates_Min_Max_Net_COVID_Sentiments.csv')
Find unique ticker symbols:
# Tickers <- Dates_Min_Max_Net_COVID_Sentiments |>
# group_by(company_name) |>
# distinct(ticker)# US_Tickers <- read_csv('../data/DescendingUSTickers_Extended.csv')
#
# US_Tickers <- US_Tickers |>
# distinct(ticker)
# write_csv(US_Tickers, '../data/US_Tickers.csv')
Insert industry info via join:
# Industries <- read_csv('../data/CompanyName_Ticker_Industry.csv')
# Industries
# Industries <- Industries |>
# select(-ticker)
# Industries
# Net_COVID_Sentiments_Industries <- Min_Max_Net_COVID_Sentiments |>
# inner_join(Industries, by=join_by(company_name))
#
# Net_COVID_Sentiments_Industries
Exporting data for fetching of share price data: Arranging tickers by descending order in order to place the entries without tickers at the end
# SharePrice_Write_CSV_Prep <- Net_COVID_Sentiments_Industries |>
# arrange(desc(ticker)) |>
# arrange(desc(Industry))
#
# write_csv(SharePrice_Write_CSV_Prep, "../data/Descending_Ticker_Industry.csv")
Closing_Share_Price_Across_Time_AllYears <- read_csv('../data/Descending_Ticker_Industry_SharePrice.csv')Warning: One or more parsing issues, call `problems()` on your data frame for details, e.g.:
dat <- vroom(...)
problems(dat)Rows: 16440 Columns: 46── Column specification ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Delimiter: ","
chr (6): company_name, hqcountrycode, isin, cusip, ticker, Industry
dbl (32): gvkey, date, PRisk, NPRisk, Risk, PSentiment, NPSentiment, Sentiment, PRiskT_economic, PRiskT_environment, PRiskT_trade, PRiskT_institutions, PRiskT_health, P...
lgl (5): Brexit_Exposure, Brexit_Neg_Sentiment, Brexit_Pos_Sentiment, Brexit_Net_Sentiment, Brexit_Risk
date (3): Date_Before_EarningsCall, Day_of_EarningsCall, DayAfter_EarningsCall
ℹ Use `spec()` to retrieve the full column specification for this data.
ℹ Specify the column types or set `show_col_types = FALSE` to quiet this message.Closing_Share_Price_Across_Time <- Closing_Share_Price_Across_Time_AllYears |> filter(Day_of_EarningsCall > 2019-12-31)
Closing_Share_Price_Across_Time# Closing_Share_Price_Across_Time_dates <- Closing_Share_Price_Across_Time |> mutate(date_earningscall=dmy(date_earningscall))
# Closing_Share_Price_Across_Time_dates
Examines Net COVID Sentiment across industries over time:
Side note: Advertising Agencies is the reference Industry
lm(log(Covid_Net_Sentiment) ~ c(Industry) + Day_of_EarningsCall + Covid_Exposure, data=Closing_Share_Price_Across_Time) |>
summary()Warning: NaNs produced
Call:
lm(formula = log(Covid_Net_Sentiment) ~ c(Industry) + Day_of_EarningsCall +
Covid_Exposure, data = Closing_Share_Price_Across_Time)
Residuals:
Min 1Q Median 3Q Max
-5.2551 -0.4491 -0.0324 0.4203 2.1982
Coefficients:
Estimate Std. Error t value Pr(>|t|)
(Intercept) -3.720e+00 7.978e-01 -4.662 3.22e-06 ***
c(Industry)Aerospace & Defense -1.844e-01 1.478e-01 -1.248 0.21226
c(Industry)Agricultural Inputs 5.464e-02 2.290e-01 0.239 0.81143
c(Industry)Airlines -3.516e-01 1.878e-01 -1.872 0.06130 .
c(Industry)Airports & Air Services 2.525e-02 6.327e-01 0.040 0.96816
c(Industry)Aluminum -5.822e-01 3.323e-01 -1.752 0.07989 .
c(Industry)Apparel Manufacturing -1.580e-01 1.610e-01 -0.981 0.32649
c(Industry)Apparel Retail 4.708e-02 1.576e-01 0.299 0.76524
c(Industry)Asset Management -7.489e-02 1.328e-01 -0.564 0.57288
c(Industry)Auto & Truck Dealerships -2.968e-01 1.677e-01 -1.770 0.07683 .
c(Industry)Auto Manufacturers -6.908e-02 2.628e-01 -0.263 0.79271
c(Industry)Auto Parts -1.138e-01 1.568e-01 -0.726 0.46788
c(Industry)Banks - Diversified -9.141e-01 3.018e-01 -3.028 0.00247 **
c(Industry)Banks - Regional -1.134e-01 1.279e-01 -0.886 0.37556
c(Industry)Beverages - Brewers -5.513e-01 3.323e-01 -1.659 0.09718 .
c(Industry)Beverages - Non-Alcoholic 1.582e-01 2.145e-01 0.737 0.46096
c(Industry)Beverages - Wineries & Distilleries -1.633e-01 3.019e-01 -0.541 0.58848
c(Industry)Biotechnology -4.683e-02 1.229e-01 -0.381 0.70311
c(Industry)Broadcasting -1.123e-01 1.648e-01 -0.682 0.49552
c(Industry)Building Materials -3.819e-01 3.323e-01 -1.149 0.25057
c(Industry)Building Products & Equipment -2.146e-01 1.503e-01 -1.427 0.15362
c(Industry)Business Equipment & Supplies 2.085e-01 3.777e-01 0.552 0.58091
c(Industry)Capital Markets -1.678e-01 1.992e-01 -0.842 0.39960
c(Industry)Chemicals -7.354e-02 2.087e-01 -0.352 0.72462
c(Industry)Coking Coal -2.407e-01 2.493e-01 -0.966 0.33423
c(Industry)Communication Equipment -2.010e-01 1.440e-01 -1.395 0.16302
c(Industry)Computer Hardware -1.297e-01 1.510e-01 -0.859 0.39045
c(Industry)Confectioners -1.911e-01 2.383e-01 -0.802 0.42253
c(Industry)Conglomerates -1.934e-02 1.771e-01 -0.109 0.91306
c(Industry)Consulting Services -2.477e-01 1.729e-01 -1.432 0.15217
c(Industry)Consumer Electronics -2.601e-01 2.145e-01 -1.212 0.22550
c(Industry)Copper -3.320e-01 3.323e-01 -0.999 0.31777
c(Industry)Credit Services -4.845e-01 1.517e-01 -3.193 0.00142 **
c(Industry)Department Stores -1.052e-01 2.493e-01 -0.422 0.67303
c(Industry)Diagnostics & Research -2.404e-01 1.294e-01 -1.857 0.06334 .
c(Industry)Discount Stores -3.574e-01 1.634e-01 -2.187 0.02876 *
c(Industry)Drug Manufacturers - General -3.715e-01 1.543e-01 -2.408 0.01608 *
c(Industry)Drug Manufacturers - Specialty & Generic -6.394e-02 1.349e-01 -0.474 0.63554
c(Industry)Education & Training Services -6.610e-02 1.662e-01 -0.398 0.69077
c(Industry)Electrical Equipment & Parts -3.071e-01 1.695e-01 -1.812 0.07000 .
c(Industry)Electronic Components -1.872e-01 1.557e-01 -1.202 0.22935
c(Industry)Electronic Gaming & Multimedia -5.728e-01 2.797e-01 -2.048 0.04066 *
c(Industry)Electronics & Computer Distribution -2.321e-02 2.212e-01 -0.105 0.91643
c(Industry)Engineering & Construction -2.981e-01 1.431e-01 -2.083 0.03728 *
c(Industry)Entertainment -1.973e-01 1.510e-01 -1.307 0.19131
c(Industry)Farm & Heavy Construction Machinery -3.483e-01 1.648e-01 -2.113 0.03464 *
c(Industry)Farm Products -5.697e-02 1.878e-01 -0.303 0.76166
c(Industry)Financial Conglomerates 1.498e-03 3.776e-01 0.004 0.99684
c(Industry)Financial Data & Stock Exchanges -3.848e-01 2.146e-01 -1.793 0.07306 .
c(Industry)Food Distribution -1.105e-01 1.711e-01 -0.646 0.51834
c(Industry)Footwear & Accessories -8.716e-02 1.948e-01 -0.447 0.65462
c(Industry)Furnishings, Fixtures & Appliances -1.136e-01 1.587e-01 -0.716 0.47403
c(Industry)Gambling -6.023e-02 1.913e-01 -0.315 0.75291
c(Industry)Gold -2.335e-01 2.036e-01 -1.147 0.25132
c(Industry)Grocery Stores -1.107e-01 1.878e-01 -0.589 0.55577
c(Industry)Health Information Services -2.715e-01 1.423e-01 -1.908 0.05644 .
c(Industry)Healthcare Plans -3.956e-01 1.799e-01 -2.199 0.02796 *
c(Industry)Home Improvement Retail -3.115e-01 2.213e-01 -1.408 0.15928
c(Industry)Household & Personal Products -7.899e-02 1.576e-01 -0.501 0.61636
c(Industry)Industrial Distribution -1.883e-01 1.634e-01 -1.153 0.24912
c(Industry)Information Technology Services -1.803e-01 1.431e-01 -1.260 0.20775
c(Industry)Infrastructure Operations 2.791e-02 6.326e-01 0.044 0.96482
c(Industry)Insurance - Diversified -1.599e-01 3.019e-01 -0.530 0.59644
c(Industry)Insurance - Life -2.305e-01 2.147e-01 -1.074 0.28307
c(Industry)Insurance - Property & Casualty -1.343e-01 1.621e-01 -0.829 0.40736
c(Industry)Insurance - Specialty -9.936e-02 2.087e-01 -0.476 0.63397
c(Industry)Insurance Brokers -3.579e-01 2.146e-01 -1.668 0.09536 .
c(Industry)Integrated Freight & Logistics -3.213e-01 1.772e-01 -1.814 0.06982 .
c(Industry)Internet Content & Information -2.252e-01 1.517e-01 -1.485 0.13770
c(Industry)Internet Retail -3.842e-01 1.795e-01 -2.140 0.03238 *
c(Industry)Leisure -2.487e-01 1.711e-01 -1.454 0.14608
c(Industry)Lodging 7.484e-02 2.382e-01 0.314 0.75340
c(Industry)Lumber & Wood Production 1.205e-01 2.797e-01 0.431 0.66671
c(Industry)Luxury Goods -2.739e-02 2.145e-01 -0.128 0.89840
c(Industry)Marine Shipping 1.083e-02 3.018e-01 0.036 0.97138
c(Industry)Medical Care Facilities -3.421e-01 1.433e-01 -2.387 0.01704 *
c(Industry)Medical Devices -2.199e-01 1.255e-01 -1.752 0.07979 .
c(Industry)Medical Distribution -3.187e-01 1.797e-01 -1.773 0.07623 .
c(Industry)Medical Instruments & Supplies -2.165e-01 1.335e-01 -1.622 0.10484
c(Industry)Metal Fabrication -3.939e-02 2.213e-01 -0.178 0.85875
c(Industry)Mortgage Finance -2.293e-01 2.493e-01 -0.920 0.35783
c(Industry)Oil & Gas Drilling 3.605e-01 4.550e-01 0.792 0.42826
c(Industry)Oil & Gas E&P -7.865e-02 1.623e-01 -0.485 0.62795
c(Industry)Oil & Gas Equipment & Services -1.221e-01 1.550e-01 -0.788 0.43063
c(Industry)Oil & Gas Integrated -3.529e-01 2.798e-01 -1.261 0.20721
c(Industry)Oil & Gas Midstream -2.302e-02 1.879e-01 -0.123 0.90246
c(Industry)Oil & Gas Refining & Marketing -1.243e-01 1.912e-01 -0.650 0.51580
c(Industry)Other Industrial Metals & Mining -4.901e-01 4.551e-01 -1.077 0.28158
c(Industry)Other Precious Metals & Mining 3.086e-01 4.550e-01 0.678 0.49776
c(Industry)Packaged Foods -3.091e-02 1.357e-01 -0.228 0.81982
c(Industry)Packaging & Containers -2.579e-01 1.587e-01 -1.625 0.10420
c(Industry)Personal Services -2.345e-01 1.948e-01 -1.204 0.22870
c(Industry)Pharmaceutical Retailers -2.055e-01 3.018e-01 -0.681 0.49598
c(Industry)Pollution & Treatment Controls -5.747e-02 2.493e-01 -0.231 0.81765
c(Industry)Publishing -1.004e-01 2.796e-01 -0.359 0.71966
c(Industry)Railroads -5.136e-01 2.145e-01 -2.394 0.01670 *
c(Industry)Real Estate - Development -7.443e-02 4.551e-01 -0.164 0.87009
c(Industry)Real Estate - Diversified 3.764e-01 3.776e-01 0.997 0.31896
c(Industry)Real Estate Services -3.016e-01 1.772e-01 -1.702 0.08889 .
c(Industry)Recreational Vehicles -3.308e-01 1.950e-01 -1.697 0.08984 .
c(Industry)REIT - Diversified 1.183e-01 1.879e-01 0.630 0.52903
c(Industry)REIT - Healthcare Facilities -2.696e-01 1.600e-01 -1.685 0.09201 .
c(Industry)REIT - Hotel & Motel -1.337e-01 1.567e-01 -0.853 0.39362
c(Industry)REIT - Industrial -2.049e-01 1.850e-01 -1.108 0.26804
c(Industry)REIT - Mortgage 2.111e-02 1.439e-01 0.147 0.88341
c(Industry)REIT - Office -2.825e-01 1.729e-01 -1.634 0.10235
c(Industry)REIT - Residential -2.851e-01 1.587e-01 -1.796 0.07250 .
c(Industry)REIT - Retail -2.542e-01 1.540e-01 -1.651 0.09884 .
c(Industry)REIT - Specialty 4.739e-02 1.677e-01 0.283 0.77751
c(Industry)Rental & Leasing Services -3.040e-01 1.848e-01 -1.646 0.09993 .
c(Industry)Residential Construction -1.317e-01 2.212e-01 -0.595 0.55181
c(Industry)Resorts & Casinos -3.121e-02 1.647e-01 -0.189 0.84976
c(Industry)Restaurants -1.733e-01 1.387e-01 -1.249 0.21164
c(Industry)Scientific & Technical Instruments -4.102e-02 1.634e-01 -0.251 0.80172
c(Industry)Security & Protection Services -2.881e-01 2.145e-01 -1.343 0.17937
c(Industry)Semiconductor Equipment & Materials -6.938e-02 1.491e-01 -0.465 0.64178
c(Industry)Semiconductors -1.892e-01 1.403e-01 -1.348 0.17765
c(Industry)Software - Application -2.114e-01 1.237e-01 -1.709 0.08756 .
c(Industry)Software - Infrastructure -2.256e-01 1.286e-01 -1.755 0.07941 .
c(Industry)Solar -2.360e-01 2.628e-01 -0.898 0.36930
c(Industry)Specialty Business Services -2.033e-01 1.496e-01 -1.359 0.17436
c(Industry)Specialty Chemicals -2.256e-01 1.377e-01 -1.638 0.10146
c(Industry)Specialty Industrial Machinery -1.614e-01 1.382e-01 -1.167 0.24314
c(Industry)Specialty Retail -4.057e-01 1.549e-01 -2.619 0.00886 **
c(Industry)Staffing & Employment Services 1.772e-01 1.795e-01 0.987 0.32362
c(Industry)Steel -6.923e-02 2.036e-01 -0.340 0.73389
c(Industry)Telecom Services -2.345e-01 1.622e-01 -1.446 0.14822
c(Industry)Textile Manufacturing 1.874e-01 2.627e-01 0.713 0.47569
c(Industry)Thermal Coal 3.058e-01 2.290e-01 1.335 0.18192
c(Industry)Tobacco -1.875e-01 2.383e-01 -0.787 0.43140
c(Industry)Tools & Accessories -1.099e-01 1.848e-01 -0.595 0.55203
c(Industry)Travel Services -7.698e-02 1.647e-01 -0.467 0.64028
c(Industry)Trucking -5.969e-01 2.493e-01 -2.395 0.01668 *
c(Industry)Uranium 9.527e-01 4.551e-01 2.093 0.03637 *
c(Industry)Utilities - Diversified 2.181e-01 3.019e-01 0.722 0.47003
c(Industry)Utilities - Independent Power Producers -4.532e-01 4.550e-01 -0.996 0.31936
c(Industry)Utilities - Regulated Electric -2.860e-01 1.453e-01 -1.969 0.04905 *
c(Industry)Utilities - Regulated Gas 1.287e-01 1.990e-01 0.647 0.51789
c(Industry)Utilities - Regulated Water 1.622e-01 2.797e-01 0.580 0.56199
c(Industry)Utilities - Renewable -3.092e-01 6.327e-01 -0.489 0.62503
c(Industry)Waste Management -1.228e-01 1.750e-01 -0.702 0.48287
Day_of_EarningsCall 1.176e-04 4.192e-05 2.805 0.00506 **
Covid_Exposure 2.712e-01 8.630e-03 31.431 < 2e-16 ***
---
Signif. codes: 0 ‘***’ 0.001 ‘**’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1
Residual standard error: 0.6216 on 4346 degrees of freedom
(11951 observations deleted due to missingness)
Multiple R-squared: 0.2559, Adjusted R-squared: 0.2316
F-statistic: 10.53 on 142 and 4346 DF, p-value: < 2.2e-16Examines Positive COVID Sentiment across industries over time:
lm(Covid_Pos_Sentiment ~ c(Industry) + Day_of_EarningsCall + Covid_Exposure, data=Closing_Share_Price_Across_Time) |>
summary()
Call:
lm(formula = Covid_Pos_Sentiment ~ c(Industry) + Day_of_EarningsCall +
Covid_Exposure, data = Closing_Share_Price_Across_Time)
Residuals:
Min 1Q Median 3Q Max
-2.0039 -0.1673 -0.0424 0.1273 3.4016
Coefficients:
Estimate Std. Error t value Pr(>|t|)
(Intercept) -1.831e+00 2.121e-01 -8.634 < 2e-16 ***
c(Industry)Aerospace & Defense -1.218e-02 4.289e-02 -0.284 0.77641
c(Industry)Agricultural Inputs -9.414e-03 6.318e-02 -0.149 0.88155
c(Industry)Airlines -2.914e-02 5.316e-02 -0.548 0.58365
c(Industry)Airports & Air Services 1.153e-01 1.898e-01 0.607 0.54366
c(Industry)Aluminum -1.588e-02 9.327e-02 -0.170 0.86483
c(Industry)Apparel Manufacturing 1.120e-01 4.720e-02 2.373 0.01765 *
c(Industry)Apparel Retail 2.650e-02 4.442e-02 0.597 0.55082
c(Industry)Asset Management 2.325e-02 3.944e-02 0.590 0.55551
c(Industry)Auto & Truck Dealerships -1.932e-02 4.915e-02 -0.393 0.69428
c(Industry)Auto Manufacturers 4.867e-02 7.150e-02 0.681 0.49609
c(Industry)Auto Parts 4.569e-02 4.363e-02 1.047 0.29500
c(Industry)Banks - Diversified -5.966e-02 7.052e-02 -0.846 0.39761
c(Industry)Banks - Regional -3.610e-02 3.775e-02 -0.956 0.33896
c(Industry)Beverages - Brewers -2.764e-02 8.208e-02 -0.337 0.73634
c(Industry)Beverages - Non-Alcoholic 1.497e-01 5.846e-02 2.561 0.01045 *
c(Industry)Beverages - Wineries & Distilleries 6.802e-02 1.036e-01 0.657 0.51146
c(Industry)Biotechnology 5.433e-02 3.720e-02 1.460 0.14419
c(Industry)Broadcasting 8.160e-03 5.250e-02 0.155 0.87648
c(Industry)Building Materials -4.446e-02 6.960e-02 -0.639 0.52299
c(Industry)Building Products & Equipment 3.150e-02 4.491e-02 0.702 0.48298
c(Industry)Business Equipment & Supplies 7.847e-02 9.986e-02 0.786 0.43197
c(Industry)Capital Markets 2.150e-02 5.465e-02 0.393 0.69402
c(Industry)Chemicals 9.906e-02 6.208e-02 1.596 0.11057
c(Industry)Coking Coal -3.515e-02 7.148e-02 -0.492 0.62295
c(Industry)Communication Equipment -1.161e-02 4.240e-02 -0.274 0.78418
c(Industry)Computer Hardware 6.988e-02 4.827e-02 1.448 0.14771
c(Industry)Confectioners 4.267e-01 9.058e-02 4.710 2.50e-06 ***
c(Industry)Conglomerates -3.128e-03 5.080e-02 -0.062 0.95090
c(Industry)Consulting Services 5.275e-02 5.461e-02 0.966 0.33407
c(Industry)Consumer Electronics -1.306e-02 6.375e-02 -0.205 0.83767
c(Industry)Copper -4.191e-02 8.592e-02 -0.488 0.62574
c(Industry)Credit Services -1.690e-02 4.613e-02 -0.366 0.71414
c(Industry)Department Stores -8.487e-03 8.393e-02 -0.101 0.91946
c(Industry)Diagnostics & Research 1.248e-02 4.101e-02 0.304 0.76084
c(Industry)Discount Stores 2.572e-02 5.636e-02 0.456 0.64814
c(Industry)Drug Manufacturers - General 1.757e-01 5.396e-02 3.256 0.00113 **
c(Industry)Drug Manufacturers - Specialty & Generic 9.678e-02 4.151e-02 2.332 0.01973 *
c(Industry)Education & Training Services 1.926e-03 5.229e-02 0.037 0.97062
c(Industry)Electrical Equipment & Parts 2.943e-02 4.827e-02 0.610 0.54204
c(Industry)Electronic Components -9.960e-03 4.293e-02 -0.232 0.81655
c(Industry)Electronic Gaming & Multimedia 1.040e-02 1.081e-01 0.096 0.92334
c(Industry)Electronics & Computer Distribution -1.081e-02 6.638e-02 -0.163 0.87068
c(Industry)Engineering & Construction 3.539e-02 4.339e-02 0.816 0.41478
c(Industry)Entertainment 5.734e-02 4.629e-02 1.239 0.21543
c(Industry)Farm & Heavy Construction Machinery 1.310e-02 4.682e-02 0.280 0.77954
c(Industry)Farm Products 3.375e-02 5.885e-02 0.573 0.56632
c(Industry)Financial Conglomerates 6.864e-02 9.327e-02 0.736 0.46178
c(Industry)Financial Data & Stock Exchanges -5.213e-05 5.811e-02 -0.001 0.99928
c(Industry)Food Distribution 6.878e-02 5.701e-02 1.206 0.22765
c(Industry)Footwear & Accessories -1.548e-02 5.080e-02 -0.305 0.76054
c(Industry)Furnishings, Fixtures & Appliances 5.946e-02 4.596e-02 1.294 0.19585
c(Industry)Gambling 3.194e-02 6.207e-02 0.515 0.60684
c(Industry)Gold 2.454e-02 6.872e-02 0.357 0.72105
c(Industry)Grocery Stores -9.133e-03 6.568e-02 -0.139 0.88940
c(Industry)Health Information Services -3.887e-02 4.461e-02 -0.871 0.38361
c(Industry)Healthcare Plans -2.383e-01 5.627e-02 -4.234 2.31e-05 ***
c(Industry)Home Improvement Retail -1.904e-03 6.790e-02 -0.028 0.97763
c(Industry)Household & Personal Products 1.069e-01 4.710e-02 2.271 0.02319 *
c(Industry)Industrial Distribution 3.620e-02 4.889e-02 0.740 0.45905
c(Industry)Information Technology Services 1.088e-02 4.339e-02 0.251 0.80206
c(Industry)Infrastructure Operations 7.943e-03 1.487e-01 0.053 0.95741
c(Industry)Insurance - Diversified 4.604e-02 8.039e-02 0.573 0.56680
c(Industry)Insurance - Life -4.618e-02 5.216e-02 -0.885 0.37603
c(Industry)Insurance - Property & Casualty -1.034e-02 4.331e-02 -0.239 0.81128
c(Industry)Insurance - Reinsurance -4.780e-01 1.205e-01 -3.968 7.29e-05 ***
c(Industry)Insurance - Specialty -5.497e-03 5.410e-02 -0.102 0.91907
c(Industry)Insurance Brokers 2.680e-02 6.155e-02 0.435 0.66323
c(Industry)Integrated Freight & Logistics -2.282e-02 5.361e-02 -0.426 0.67035
c(Industry)Internet Content & Information 2.657e-02 4.827e-02 0.550 0.58204
c(Industry)Internet Retail 1.364e-02 5.701e-02 0.239 0.81095
c(Industry)Leisure 3.511e-02 5.016e-02 0.700 0.48393
c(Industry)Lodging -5.947e-02 6.155e-02 -0.966 0.33401
c(Industry)Lumber & Wood Production 9.454e-02 8.392e-02 1.127 0.25992
c(Industry)Luxury Goods 1.940e-01 8.039e-02 2.413 0.01582 *
c(Industry)Marine Shipping -9.641e-02 7.361e-02 -1.310 0.19031
c(Industry)Medical Care Facilities -4.494e-02 4.306e-02 -1.044 0.29661
c(Industry)Medical Devices -5.358e-03 3.810e-02 -0.141 0.88815
c(Industry)Medical Distribution -3.724e-02 5.813e-02 -0.641 0.52169
c(Industry)Medical Instruments & Supplies 2.935e-02 4.139e-02 0.709 0.47826
c(Industry)Metal Fabrication -1.449e-02 5.229e-02 -0.277 0.78170
c(Industry)Mortgage Finance -6.771e-02 6.436e-02 -1.052 0.29284
c(Industry)Oil & Gas Drilling 1.457e-02 9.971e-02 0.146 0.88380
c(Industry)Oil & Gas E&P 4.313e-02 4.651e-02 0.927 0.35372
c(Industry)Oil & Gas Equipment & Services 1.407e-02 4.336e-02 0.325 0.74553
c(Industry)Oil & Gas Integrated -2.503e-02 9.058e-02 -0.276 0.78230
c(Industry)Oil & Gas Midstream -7.130e-02 5.032e-02 -1.417 0.15658
c(Industry)Oil & Gas Refining & Marketing 1.370e-02 5.361e-02 0.255 0.79836
c(Industry)Other Industrial Metals & Mining -2.915e-02 9.971e-02 -0.292 0.77002
c(Industry)Other Precious Metals & Mining -4.529e-03 1.133e-01 -0.040 0.96813
c(Industry)Packaged Foods 4.906e-02 4.189e-02 1.171 0.24154
c(Industry)Packaging & Containers 2.644e-02 4.828e-02 0.548 0.58394
c(Industry)Paper & Paper Products -1.706e-01 1.365e-01 -1.249 0.21161
c(Industry)Personal Services 3.245e-03 5.771e-02 0.056 0.95517
c(Industry)Pharmaceutical Retailers -7.776e-02 9.976e-02 -0.780 0.43569
c(Industry)Pollution & Treatment Controls 5.499e-03 7.251e-02 0.076 0.93955
c(Industry)Publishing 2.093e-03 6.959e-02 0.030 0.97600
c(Industry)Railroads 1.497e-02 5.637e-02 0.266 0.79061
c(Industry)Real Estate - Development -2.069e-02 1.081e-01 -0.191 0.84822
c(Industry)Real Estate - Diversified -3.036e-02 1.365e-01 -0.222 0.82403
c(Industry)Real Estate Services -1.626e-02 5.339e-02 -0.305 0.76071
c(Industry)Recreational Vehicles 1.782e-02 5.969e-02 0.298 0.76535
c(Industry)REIT - Diversified 3.186e-02 5.702e-02 0.559 0.57630
c(Industry)REIT - Healthcare Facilities 4.088e-02 5.101e-02 0.801 0.42287
c(Industry)REIT - Hotel & Motel 4.519e-02 4.865e-02 0.929 0.35305
c(Industry)REIT - Industrial 2.719e-02 5.703e-02 0.477 0.63358
c(Industry)REIT - Mortgage 2.799e-02 4.297e-02 0.651 0.51485
c(Industry)REIT - Office 1.400e-02 4.971e-02 0.282 0.77828
c(Industry)REIT - Residential 1.704e-02 4.889e-02 0.348 0.72752
c(Industry)REIT - Retail 1.326e-02 4.750e-02 0.279 0.78018
c(Industry)REIT - Specialty 1.936e-02 4.863e-02 0.398 0.69065
c(Industry)Rental & Leasing Services -3.425e-02 5.209e-02 -0.658 0.51081
c(Industry)Residential Construction 3.341e-03 5.001e-02 0.067 0.94674
c(Industry)Resorts & Casinos 2.341e-02 5.064e-02 0.462 0.64383
c(Industry)Restaurants 3.161e-02 4.244e-02 0.745 0.45633
c(Industry)Scientific & Technical Instruments -7.802e-04 4.566e-02 -0.017 0.98637
c(Industry)Security & Protection Services 9.510e-03 5.575e-02 0.171 0.86455
c(Industry)Semiconductor Equipment & Materials 7.747e-03 4.622e-02 0.168 0.86687
c(Industry)Semiconductors 5.868e-02 4.282e-02 1.370 0.17057
c(Industry)Software - Application 6.147e-02 3.807e-02 1.615 0.10635
c(Industry)Software - Infrastructure 2.329e-02 3.953e-02 0.589 0.55581
c(Industry)Solar 4.163e-02 7.253e-02 0.574 0.56602
c(Industry)Specialty Business Services -1.113e-02 4.655e-02 -0.239 0.81101
c(Industry)Specialty Chemicals 7.104e-02 4.154e-02 1.710 0.08727 .
c(Industry)Specialty Industrial Machinery 3.637e-02 4.023e-02 0.904 0.36603
c(Industry)Specialty Retail -4.160e-02 4.340e-02 -0.959 0.33774
c(Industry)Staffing & Employment Services 1.388e-02 5.016e-02 0.277 0.78198
c(Industry)Steel 2.402e-02 6.107e-02 0.393 0.69404
c(Industry)Telecom Services -4.842e-02 4.804e-02 -1.008 0.31356
c(Industry)Textile Manufacturing 1.210e-01 7.362e-02 1.644 0.10016
c(Industry)Thermal Coal 5.487e-02 6.567e-02 0.836 0.40344
c(Industry)Tobacco -4.867e-02 6.106e-02 -0.797 0.42542
c(Industry)Tools & Accessories -7.272e-03 5.544e-02 -0.131 0.89565
c(Industry)Travel Services 4.934e-02 5.574e-02 0.885 0.37610
c(Industry)Trucking -1.873e-02 6.502e-02 -0.288 0.77333
c(Industry)Uranium 1.775e-01 1.271e-01 1.397 0.16254
c(Industry)Utilities - Diversified -1.578e-01 6.796e-02 -2.322 0.02023 *
c(Industry)Utilities - Independent Power Producers -4.111e-02 1.195e-01 -0.344 0.73091
c(Industry)Utilities - Regulated Electric -2.534e-02 4.368e-02 -0.580 0.56182
c(Industry)Utilities - Regulated Gas -1.162e-01 5.704e-02 -2.037 0.04170 *
c(Industry)Utilities - Regulated Water -9.825e-02 6.959e-02 -1.412 0.15804
c(Industry)Utilities - Renewable -2.168e-02 1.133e-01 -0.191 0.84826
c(Industry)Waste Management 1.150e-01 5.808e-02 1.980 0.04774 *
Day_of_EarningsCall 9.787e-05 1.116e-05 8.770 < 2e-16 ***
Covid_Exposure 2.624e-01 2.651e-03 98.987 < 2e-16 ***
---
Signif. codes: 0 ‘***’ 0.001 ‘**’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1
Residual standard error: 0.3231 on 13005 degrees of freedom
(3290 observations deleted due to missingness)
Multiple R-squared: 0.4923, Adjusted R-squared: 0.4866
F-statistic: 87.56 on 144 and 13005 DF, p-value: < 2.2e-16
lm(Covid_Neg_Sentiment ~ c(Industry) + Day_of_EarningsCall + Covid_Exposure + PRiskT_health, data=Closing_Share_Price_Across_Time) |>
summary()
Call:
lm(formula = Covid_Neg_Sentiment ~ c(Industry) + Day_of_EarningsCall +
Covid_Exposure + PRiskT_health, data = Closing_Share_Price_Across_Time)
Residuals:
Min 1Q Median 3Q Max
-2.4738 -0.2176 -0.0387 0.1713 5.1861
Coefficients:
Estimate Std. Error t value Pr(>|t|)
(Intercept) 1.676e+00 2.780e-01 6.027 1.71e-09 ***
c(Industry)Aerospace & Defense 6.841e-02 5.607e-02 1.220 0.222421
c(Industry)Agricultural Inputs 5.721e-03 8.260e-02 0.069 0.944779
c(Industry)Airlines -1.314e-02 6.950e-02 -0.189 0.850080
c(Industry)Airports & Air Services 1.911e-03 2.482e-01 0.008 0.993857
c(Industry)Aluminum 3.150e-01 1.219e-01 2.584 0.009791 **
c(Industry)Apparel Manufacturing 6.190e-02 6.171e-02 1.003 0.315895
c(Industry)Apparel Retail 6.605e-02 5.807e-02 1.137 0.255403
c(Industry)Asset Management 7.501e-02 5.157e-02 1.455 0.145768
c(Industry)Auto & Truck Dealerships 3.269e-02 6.426e-02 0.509 0.610993
c(Industry)Auto Manufacturers 7.705e-02 9.348e-02 0.824 0.409799
c(Industry)Auto Parts 2.359e-01 5.704e-02 4.136 3.56e-05 ***
c(Industry)Banks - Diversified -4.399e-02 9.221e-02 -0.477 0.633317
c(Industry)Banks - Regional 3.635e-02 4.935e-02 0.736 0.461464
c(Industry)Beverages - Brewers 4.497e-02 1.073e-01 0.419 0.675157
c(Industry)Beverages - Non-Alcoholic 1.192e-01 7.644e-02 1.560 0.118848
c(Industry)Beverages - Wineries & Distilleries 5.583e-02 1.354e-01 0.412 0.680224
c(Industry)Biotechnology -5.908e-02 4.864e-02 -1.215 0.224488
c(Industry)Broadcasting 4.561e-02 6.863e-02 0.665 0.506332
c(Industry)Building Materials 5.174e-02 9.099e-02 0.569 0.569627
c(Industry)Building Products & Equipment 5.318e-02 5.871e-02 0.906 0.365085
c(Industry)Business Equipment & Supplies 5.324e-02 1.306e-01 0.408 0.683438
c(Industry)Capital Markets 6.435e-02 7.145e-02 0.901 0.367769
c(Industry)Chemicals 2.576e-01 8.116e-02 3.175 0.001504 **
c(Industry)Coking Coal 8.783e-02 9.345e-02 0.940 0.347310
c(Industry)Communication Equipment 5.142e-02 5.544e-02 0.928 0.353652
c(Industry)Computer Hardware 3.250e-02 6.311e-02 0.515 0.606545
c(Industry)Confectioners 1.328e-02 1.184e-01 0.112 0.910719
c(Industry)Conglomerates 2.050e-02 6.642e-02 0.309 0.757552
c(Industry)Consulting Services -6.984e-03 7.141e-02 -0.098 0.922085
c(Industry)Consumer Electronics 7.225e-02 8.335e-02 0.867 0.386010
c(Industry)Copper -1.640e-02 1.123e-01 -0.146 0.883925
c(Industry)Credit Services 6.258e-02 6.031e-02 1.038 0.299406
c(Industry)Department Stores -1.529e-01 1.097e-01 -1.393 0.163568
c(Industry)Diagnostics & Research -3.804e-01 5.362e-02 -7.095 1.36e-12 ***
c(Industry)Discount Stores -9.151e-02 7.369e-02 -1.242 0.214295
c(Industry)Drug Manufacturers - General -1.988e-01 7.058e-02 -2.816 0.004870 **
c(Industry)Drug Manufacturers - Specialty & Generic -6.273e-02 5.428e-02 -1.156 0.247872
c(Industry)Education & Training Services -2.988e-02 6.836e-02 -0.437 0.662003
c(Industry)Electrical Equipment & Parts 1.200e-01 6.312e-02 1.902 0.057227 .
c(Industry)Electronic Components 2.063e-01 5.613e-02 3.675 0.000238 ***
c(Industry)Electronic Gaming & Multimedia -1.262e-01 1.413e-01 -0.893 0.371837
c(Industry)Electronics & Computer Distribution 5.834e-02 8.678e-02 0.672 0.501424
c(Industry)Engineering & Construction 8.248e-02 5.673e-02 1.454 0.146033
c(Industry)Entertainment 1.579e-01 6.052e-02 2.608 0.009105 **
c(Industry)Farm & Heavy Construction Machinery 1.556e-01 6.121e-02 2.542 0.011027 *
c(Industry)Farm Products -1.148e-02 7.694e-02 -0.149 0.881414
c(Industry)Financial Conglomerates 8.773e-02 1.219e-01 0.720 0.471836
c(Industry)Financial Data & Stock Exchanges -1.814e-02 7.597e-02 -0.239 0.811325
c(Industry)Food Distribution -5.915e-02 7.453e-02 -0.794 0.427428
c(Industry)Footwear & Accessories 6.602e-02 6.642e-02 0.994 0.320265
c(Industry)Furnishings, Fixtures & Appliances 1.978e-01 6.009e-02 3.292 0.000997 ***
c(Industry)Gambling -6.433e-02 8.115e-02 -0.793 0.427933
c(Industry)Gold -1.003e-01 8.984e-02 -1.117 0.264123
c(Industry)Grocery Stores -2.184e-01 8.587e-02 -2.544 0.010975 *
c(Industry)Health Information Services -1.300e-01 5.833e-02 -2.228 0.025911 *
c(Industry)Healthcare Plans -4.482e-01 7.373e-02 -6.079 1.24e-09 ***
c(Industry)Home Improvement Retail 1.676e-01 8.877e-02 1.888 0.059059 .
c(Industry)Household & Personal Products 1.026e-01 6.158e-02 1.666 0.095805 .
c(Industry)Industrial Distribution 5.505e-02 6.391e-02 0.861 0.389089
c(Industry)Information Technology Services -5.359e-02 5.673e-02 -0.945 0.344918
c(Industry)Infrastructure Operations 1.238e-01 1.945e-01 0.637 0.524211
c(Industry)Insurance - Diversified 1.832e-01 1.051e-01 1.744 0.081265 .
c(Industry)Insurance - Life 4.146e-01 6.820e-02 6.079 1.25e-09 ***
c(Industry)Insurance - Property & Casualty 4.603e-01 5.663e-02 8.128 4.77e-16 ***
c(Industry)Insurance - Reinsurance 7.452e-01 1.575e-01 4.732 2.25e-06 ***
c(Industry)Insurance - Specialty 3.791e-01 7.074e-02 5.359 8.52e-08 ***
c(Industry)Insurance Brokers 1.764e-01 8.052e-02 2.190 0.028521 *
c(Industry)Integrated Freight & Logistics -2.131e-02 7.010e-02 -0.304 0.761159
c(Industry)Internet Content & Information -8.723e-02 6.311e-02 -1.382 0.166928
c(Industry)Internet Retail 1.605e-02 7.454e-02 0.215 0.829481
c(Industry)Leisure 3.043e-02 6.557e-02 0.464 0.642638
c(Industry)Lodging -6.653e-03 8.048e-02 -0.083 0.934115
c(Industry)Lumber & Wood Production 5.976e-02 1.097e-01 0.545 0.585946
c(Industry)Luxury Goods -1.290e-01 1.051e-01 -1.228 0.219638
c(Industry)Marine Shipping 1.971e-01 9.624e-02 2.048 0.040585 *
c(Industry)Medical Care Facilities -9.980e-02 5.629e-02 -1.773 0.076289 .
c(Industry)Medical Devices -1.057e-01 4.981e-02 -2.121 0.033901 *
c(Industry)Medical Distribution -2.675e-01 7.600e-02 -3.520 0.000433 ***
c(Industry)Medical Instruments & Supplies -2.374e-01 5.411e-02 -4.387 1.16e-05 ***
c(Industry)Metal Fabrication 2.472e-01 6.836e-02 3.616 0.000300 ***
c(Industry)Mortgage Finance 1.988e-01 8.415e-02 2.362 0.018179 *
c(Industry)Oil & Gas Drilling 3.796e-01 1.304e-01 2.912 0.003593 **
c(Industry)Oil & Gas E&P 8.586e-02 6.080e-02 1.412 0.157939
c(Industry)Oil & Gas Equipment & Services 2.648e-01 5.669e-02 4.671 3.02e-06 ***
c(Industry)Oil & Gas Integrated 2.340e-02 1.184e-01 0.198 0.843349
c(Industry)Oil & Gas Midstream 4.161e-02 6.579e-02 0.632 0.527155
c(Industry)Oil & Gas Refining & Marketing 1.160e-01 7.009e-02 1.654 0.098058 .
c(Industry)Other Industrial Metals & Mining 1.422e-01 1.304e-01 1.091 0.275329
c(Industry)Other Precious Metals & Mining 5.371e-02 1.482e-01 0.362 0.716989
c(Industry)Packaged Foods -2.848e-02 5.477e-02 -0.520 0.603010
c(Industry)Packaging & Containers -2.823e-02 6.312e-02 -0.447 0.654660
c(Industry)Paper & Paper Products 1.137e-01 1.785e-01 0.637 0.524106
c(Industry)Personal Services 5.035e-02 7.546e-02 0.667 0.504608
c(Industry)Pharmaceutical Retailers -1.121e-03 1.304e-01 -0.009 0.993141
c(Industry)Pollution & Treatment Controls 7.877e-02 9.480e-02 0.831 0.406035
c(Industry)Publishing 3.671e-01 9.098e-02 4.035 5.49e-05 ***
c(Industry)Railroads 1.136e-01 7.369e-02 1.542 0.123208
c(Industry)Real Estate - Development 1.511e-01 1.413e-01 1.069 0.285123
c(Industry)Real Estate - Diversified -1.192e-01 1.785e-01 -0.668 0.504303
c(Industry)Real Estate Services 2.131e-02 6.980e-02 0.305 0.760164
c(Industry)Recreational Vehicles 9.400e-02 7.804e-02 1.204 0.228429
c(Industry)REIT - Diversified -1.490e-02 7.455e-02 -0.200 0.841544
c(Industry)REIT - Healthcare Facilities -1.340e-01 6.673e-02 -2.008 0.044685 *
c(Industry)REIT - Hotel & Motel 1.415e-02 6.361e-02 0.222 0.823982
c(Industry)REIT - Industrial -3.520e-02 7.456e-02 -0.472 0.636899
c(Industry)REIT - Mortgage 1.117e-01 5.620e-02 1.988 0.046888 *
c(Industry)REIT - Office -1.881e-02 6.499e-02 -0.289 0.772241
c(Industry)REIT - Residential -3.839e-02 6.392e-02 -0.601 0.548152
c(Industry)REIT - Retail -1.327e-02 6.210e-02 -0.214 0.830783
c(Industry)REIT - Specialty -2.085e-03 6.359e-02 -0.033 0.973840
c(Industry)Rental & Leasing Services 7.535e-02 6.810e-02 1.107 0.268528
c(Industry)Residential Construction 3.003e-01 6.538e-02 4.593 4.41e-06 ***
c(Industry)Resorts & Casinos 2.058e-02 6.621e-02 0.311 0.755964
c(Industry)Restaurants -2.281e-02 5.549e-02 -0.411 0.680993
c(Industry)Scientific & Technical Instruments 9.432e-02 5.969e-02 1.580 0.114114
c(Industry)Security & Protection Services 7.285e-02 7.288e-02 1.000 0.317540
c(Industry)Semiconductor Equipment & Materials -6.227e-02 6.042e-02 -1.031 0.302777
c(Industry)Semiconductors 1.734e-02 5.599e-02 0.310 0.756798
c(Industry)Software - Application -7.072e-02 4.977e-02 -1.421 0.155348
c(Industry)Software - Infrastructure -9.274e-02 5.169e-02 -1.794 0.072800 .
c(Industry)Solar 7.462e-03 9.482e-02 0.079 0.937277
c(Industry)Specialty Business Services 4.255e-02 6.086e-02 0.699 0.484435
c(Industry)Specialty Chemicals 1.070e-01 5.432e-02 1.970 0.048902 *
c(Industry)Specialty Industrial Machinery 1.056e-01 5.260e-02 2.009 0.044604 *
c(Industry)Specialty Retail 5.586e-02 5.674e-02 0.985 0.324864
c(Industry)Staffing & Employment Services 1.725e-01 6.557e-02 2.630 0.008542 **
c(Industry)Steel 4.853e-02 7.984e-02 0.608 0.543274
c(Industry)Telecom Services -5.665e-03 6.281e-02 -0.090 0.928136
c(Industry)Textile Manufacturing 1.402e-01 9.625e-02 1.457 0.145239
c(Industry)Thermal Coal 2.221e-01 8.586e-02 2.587 0.009690 **
c(Industry)Tobacco 2.073e-01 7.983e-02 2.597 0.009426 **
c(Industry)Tools & Accessories 6.514e-02 7.249e-02 0.899 0.368818
c(Industry)Travel Services -1.260e-01 7.287e-02 -1.729 0.083906 .
c(Industry)Trucking -2.596e-02 8.500e-02 -0.305 0.760095
c(Industry)Uranium 2.531e-01 1.662e-01 1.523 0.127745
c(Industry)Utilities - Diversified 2.425e-01 8.885e-02 2.729 0.006360 **
c(Industry)Utilities - Independent Power Producers 1.340e-01 1.563e-01 0.857 0.391389
c(Industry)Utilities - Regulated Electric -2.339e-02 5.710e-02 -0.410 0.682088
c(Industry)Utilities - Regulated Gas -1.105e-01 7.457e-02 -1.482 0.138389
c(Industry)Utilities - Regulated Water 8.156e-02 9.099e-02 0.896 0.370078
c(Industry)Utilities - Renewable 5.050e-01 1.482e-01 3.409 0.000654 ***
c(Industry)Waste Management -5.390e-02 7.593e-02 -0.710 0.477838
Day_of_EarningsCall -8.673e-05 1.462e-05 -5.931 3.09e-09 ***
Covid_Exposure 3.566e-01 3.472e-03 102.698 < 2e-16 ***
PRiskT_health 6.205e-07 2.669e-07 2.324 0.020123 *
---
Signif. codes: 0 ‘***’ 0.001 ‘**’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1
Residual standard error: 0.4224 on 13004 degrees of freedom
(3290 observations deleted due to missingness)
Multiple R-squared: 0.5201, Adjusted R-squared: 0.5148
F-statistic: 97.2 on 145 and 13004 DF, p-value: < 2.2e-16Examines Negative COVID Sentiment across industries over time:
lm(Covid_Neg_Sentiment ~ c(Industry) + Day_of_EarningsCall + Covid_Exposure + PRiskT_health, data=Closing_Share_Price_Across_Time) |>
summary()
Call:
lm(formula = Covid_Neg_Sentiment ~ c(Industry) + Day_of_EarningsCall +
Covid_Exposure + PRiskT_health, data = Closing_Share_Price_Across_Time)
Residuals:
Min 1Q Median 3Q Max
-2.4738 -0.2176 -0.0387 0.1713 5.1861
Coefficients:
Estimate Std. Error t value Pr(>|t|)
(Intercept) 1.676e+00 2.780e-01 6.027 1.71e-09 ***
c(Industry)Aerospace & Defense 6.841e-02 5.607e-02 1.220 0.222421
c(Industry)Agricultural Inputs 5.721e-03 8.260e-02 0.069 0.944779
c(Industry)Airlines -1.314e-02 6.950e-02 -0.189 0.850080
c(Industry)Airports & Air Services 1.911e-03 2.482e-01 0.008 0.993857
c(Industry)Aluminum 3.150e-01 1.219e-01 2.584 0.009791 **
c(Industry)Apparel Manufacturing 6.190e-02 6.171e-02 1.003 0.315895
c(Industry)Apparel Retail 6.605e-02 5.807e-02 1.137 0.255403
c(Industry)Asset Management 7.501e-02 5.157e-02 1.455 0.145768
c(Industry)Auto & Truck Dealerships 3.269e-02 6.426e-02 0.509 0.610993
c(Industry)Auto Manufacturers 7.705e-02 9.348e-02 0.824 0.409799
c(Industry)Auto Parts 2.359e-01 5.704e-02 4.136 3.56e-05 ***
c(Industry)Banks - Diversified -4.399e-02 9.221e-02 -0.477 0.633317
c(Industry)Banks - Regional 3.635e-02 4.935e-02 0.736 0.461464
c(Industry)Beverages - Brewers 4.497e-02 1.073e-01 0.419 0.675157
c(Industry)Beverages - Non-Alcoholic 1.192e-01 7.644e-02 1.560 0.118848
c(Industry)Beverages - Wineries & Distilleries 5.583e-02 1.354e-01 0.412 0.680224
c(Industry)Biotechnology -5.908e-02 4.864e-02 -1.215 0.224488
c(Industry)Broadcasting 4.561e-02 6.863e-02 0.665 0.506332
c(Industry)Building Materials 5.174e-02 9.099e-02 0.569 0.569627
c(Industry)Building Products & Equipment 5.318e-02 5.871e-02 0.906 0.365085
c(Industry)Business Equipment & Supplies 5.324e-02 1.306e-01 0.408 0.683438
c(Industry)Capital Markets 6.435e-02 7.145e-02 0.901 0.367769
c(Industry)Chemicals 2.576e-01 8.116e-02 3.175 0.001504 **
c(Industry)Coking Coal 8.783e-02 9.345e-02 0.940 0.347310
c(Industry)Communication Equipment 5.142e-02 5.544e-02 0.928 0.353652
c(Industry)Computer Hardware 3.250e-02 6.311e-02 0.515 0.606545
c(Industry)Confectioners 1.328e-02 1.184e-01 0.112 0.910719
c(Industry)Conglomerates 2.050e-02 6.642e-02 0.309 0.757552
c(Industry)Consulting Services -6.984e-03 7.141e-02 -0.098 0.922085
c(Industry)Consumer Electronics 7.225e-02 8.335e-02 0.867 0.386010
c(Industry)Copper -1.640e-02 1.123e-01 -0.146 0.883925
c(Industry)Credit Services 6.258e-02 6.031e-02 1.038 0.299406
c(Industry)Department Stores -1.529e-01 1.097e-01 -1.393 0.163568
c(Industry)Diagnostics & Research -3.804e-01 5.362e-02 -7.095 1.36e-12 ***
c(Industry)Discount Stores -9.151e-02 7.369e-02 -1.242 0.214295
c(Industry)Drug Manufacturers - General -1.988e-01 7.058e-02 -2.816 0.004870 **
c(Industry)Drug Manufacturers - Specialty & Generic -6.273e-02 5.428e-02 -1.156 0.247872
c(Industry)Education & Training Services -2.988e-02 6.836e-02 -0.437 0.662003
c(Industry)Electrical Equipment & Parts 1.200e-01 6.312e-02 1.902 0.057227 .
c(Industry)Electronic Components 2.063e-01 5.613e-02 3.675 0.000238 ***
c(Industry)Electronic Gaming & Multimedia -1.262e-01 1.413e-01 -0.893 0.371837
c(Industry)Electronics & Computer Distribution 5.834e-02 8.678e-02 0.672 0.501424
c(Industry)Engineering & Construction 8.248e-02 5.673e-02 1.454 0.146033
c(Industry)Entertainment 1.579e-01 6.052e-02 2.608 0.009105 **
c(Industry)Farm & Heavy Construction Machinery 1.556e-01 6.121e-02 2.542 0.011027 *
c(Industry)Farm Products -1.148e-02 7.694e-02 -0.149 0.881414
c(Industry)Financial Conglomerates 8.773e-02 1.219e-01 0.720 0.471836
c(Industry)Financial Data & Stock Exchanges -1.814e-02 7.597e-02 -0.239 0.811325
c(Industry)Food Distribution -5.915e-02 7.453e-02 -0.794 0.427428
c(Industry)Footwear & Accessories 6.602e-02 6.642e-02 0.994 0.320265
c(Industry)Furnishings, Fixtures & Appliances 1.978e-01 6.009e-02 3.292 0.000997 ***
c(Industry)Gambling -6.433e-02 8.115e-02 -0.793 0.427933
c(Industry)Gold -1.003e-01 8.984e-02 -1.117 0.264123
c(Industry)Grocery Stores -2.184e-01 8.587e-02 -2.544 0.010975 *
c(Industry)Health Information Services -1.300e-01 5.833e-02 -2.228 0.025911 *
c(Industry)Healthcare Plans -4.482e-01 7.373e-02 -6.079 1.24e-09 ***
c(Industry)Home Improvement Retail 1.676e-01 8.877e-02 1.888 0.059059 .
c(Industry)Household & Personal Products 1.026e-01 6.158e-02 1.666 0.095805 .
c(Industry)Industrial Distribution 5.505e-02 6.391e-02 0.861 0.389089
c(Industry)Information Technology Services -5.359e-02 5.673e-02 -0.945 0.344918
c(Industry)Infrastructure Operations 1.238e-01 1.945e-01 0.637 0.524211
c(Industry)Insurance - Diversified 1.832e-01 1.051e-01 1.744 0.081265 .
c(Industry)Insurance - Life 4.146e-01 6.820e-02 6.079 1.25e-09 ***
c(Industry)Insurance - Property & Casualty 4.603e-01 5.663e-02 8.128 4.77e-16 ***
c(Industry)Insurance - Reinsurance 7.452e-01 1.575e-01 4.732 2.25e-06 ***
c(Industry)Insurance - Specialty 3.791e-01 7.074e-02 5.359 8.52e-08 ***
c(Industry)Insurance Brokers 1.764e-01 8.052e-02 2.190 0.028521 *
c(Industry)Integrated Freight & Logistics -2.131e-02 7.010e-02 -0.304 0.761159
c(Industry)Internet Content & Information -8.723e-02 6.311e-02 -1.382 0.166928
c(Industry)Internet Retail 1.605e-02 7.454e-02 0.215 0.829481
c(Industry)Leisure 3.043e-02 6.557e-02 0.464 0.642638
c(Industry)Lodging -6.653e-03 8.048e-02 -0.083 0.934115
c(Industry)Lumber & Wood Production 5.976e-02 1.097e-01 0.545 0.585946
c(Industry)Luxury Goods -1.290e-01 1.051e-01 -1.228 0.219638
c(Industry)Marine Shipping 1.971e-01 9.624e-02 2.048 0.040585 *
c(Industry)Medical Care Facilities -9.980e-02 5.629e-02 -1.773 0.076289 .
c(Industry)Medical Devices -1.057e-01 4.981e-02 -2.121 0.033901 *
c(Industry)Medical Distribution -2.675e-01 7.600e-02 -3.520 0.000433 ***
c(Industry)Medical Instruments & Supplies -2.374e-01 5.411e-02 -4.387 1.16e-05 ***
c(Industry)Metal Fabrication 2.472e-01 6.836e-02 3.616 0.000300 ***
c(Industry)Mortgage Finance 1.988e-01 8.415e-02 2.362 0.018179 *
c(Industry)Oil & Gas Drilling 3.796e-01 1.304e-01 2.912 0.003593 **
c(Industry)Oil & Gas E&P 8.586e-02 6.080e-02 1.412 0.157939
c(Industry)Oil & Gas Equipment & Services 2.648e-01 5.669e-02 4.671 3.02e-06 ***
c(Industry)Oil & Gas Integrated 2.340e-02 1.184e-01 0.198 0.843349
c(Industry)Oil & Gas Midstream 4.161e-02 6.579e-02 0.632 0.527155
c(Industry)Oil & Gas Refining & Marketing 1.160e-01 7.009e-02 1.654 0.098058 .
c(Industry)Other Industrial Metals & Mining 1.422e-01 1.304e-01 1.091 0.275329
c(Industry)Other Precious Metals & Mining 5.371e-02 1.482e-01 0.362 0.716989
c(Industry)Packaged Foods -2.848e-02 5.477e-02 -0.520 0.603010
c(Industry)Packaging & Containers -2.823e-02 6.312e-02 -0.447 0.654660
c(Industry)Paper & Paper Products 1.137e-01 1.785e-01 0.637 0.524106
c(Industry)Personal Services 5.035e-02 7.546e-02 0.667 0.504608
c(Industry)Pharmaceutical Retailers -1.121e-03 1.304e-01 -0.009 0.993141
c(Industry)Pollution & Treatment Controls 7.877e-02 9.480e-02 0.831 0.406035
c(Industry)Publishing 3.671e-01 9.098e-02 4.035 5.49e-05 ***
c(Industry)Railroads 1.136e-01 7.369e-02 1.542 0.123208
c(Industry)Real Estate - Development 1.511e-01 1.413e-01 1.069 0.285123
c(Industry)Real Estate - Diversified -1.192e-01 1.785e-01 -0.668 0.504303
c(Industry)Real Estate Services 2.131e-02 6.980e-02 0.305 0.760164
c(Industry)Recreational Vehicles 9.400e-02 7.804e-02 1.204 0.228429
c(Industry)REIT - Diversified -1.490e-02 7.455e-02 -0.200 0.841544
c(Industry)REIT - Healthcare Facilities -1.340e-01 6.673e-02 -2.008 0.044685 *
c(Industry)REIT - Hotel & Motel 1.415e-02 6.361e-02 0.222 0.823982
c(Industry)REIT - Industrial -3.520e-02 7.456e-02 -0.472 0.636899
c(Industry)REIT - Mortgage 1.117e-01 5.620e-02 1.988 0.046888 *
c(Industry)REIT - Office -1.881e-02 6.499e-02 -0.289 0.772241
c(Industry)REIT - Residential -3.839e-02 6.392e-02 -0.601 0.548152
c(Industry)REIT - Retail -1.327e-02 6.210e-02 -0.214 0.830783
c(Industry)REIT - Specialty -2.085e-03 6.359e-02 -0.033 0.973840
c(Industry)Rental & Leasing Services 7.535e-02 6.810e-02 1.107 0.268528
c(Industry)Residential Construction 3.003e-01 6.538e-02 4.593 4.41e-06 ***
c(Industry)Resorts & Casinos 2.058e-02 6.621e-02 0.311 0.755964
c(Industry)Restaurants -2.281e-02 5.549e-02 -0.411 0.680993
c(Industry)Scientific & Technical Instruments 9.432e-02 5.969e-02 1.580 0.114114
c(Industry)Security & Protection Services 7.285e-02 7.288e-02 1.000 0.317540
c(Industry)Semiconductor Equipment & Materials -6.227e-02 6.042e-02 -1.031 0.302777
c(Industry)Semiconductors 1.734e-02 5.599e-02 0.310 0.756798
c(Industry)Software - Application -7.072e-02 4.977e-02 -1.421 0.155348
c(Industry)Software - Infrastructure -9.274e-02 5.169e-02 -1.794 0.072800 .
c(Industry)Solar 7.462e-03 9.482e-02 0.079 0.937277
c(Industry)Specialty Business Services 4.255e-02 6.086e-02 0.699 0.484435
c(Industry)Specialty Chemicals 1.070e-01 5.432e-02 1.970 0.048902 *
c(Industry)Specialty Industrial Machinery 1.056e-01 5.260e-02 2.009 0.044604 *
c(Industry)Specialty Retail 5.586e-02 5.674e-02 0.985 0.324864
c(Industry)Staffing & Employment Services 1.725e-01 6.557e-02 2.630 0.008542 **
c(Industry)Steel 4.853e-02 7.984e-02 0.608 0.543274
c(Industry)Telecom Services -5.665e-03 6.281e-02 -0.090 0.928136
c(Industry)Textile Manufacturing 1.402e-01 9.625e-02 1.457 0.145239
c(Industry)Thermal Coal 2.221e-01 8.586e-02 2.587 0.009690 **
c(Industry)Tobacco 2.073e-01 7.983e-02 2.597 0.009426 **
c(Industry)Tools & Accessories 6.514e-02 7.249e-02 0.899 0.368818
c(Industry)Travel Services -1.260e-01 7.287e-02 -1.729 0.083906 .
c(Industry)Trucking -2.596e-02 8.500e-02 -0.305 0.760095
c(Industry)Uranium 2.531e-01 1.662e-01 1.523 0.127745
c(Industry)Utilities - Diversified 2.425e-01 8.885e-02 2.729 0.006360 **
c(Industry)Utilities - Independent Power Producers 1.340e-01 1.563e-01 0.857 0.391389
c(Industry)Utilities - Regulated Electric -2.339e-02 5.710e-02 -0.410 0.682088
c(Industry)Utilities - Regulated Gas -1.105e-01 7.457e-02 -1.482 0.138389
c(Industry)Utilities - Regulated Water 8.156e-02 9.099e-02 0.896 0.370078
c(Industry)Utilities - Renewable 5.050e-01 1.482e-01 3.409 0.000654 ***
c(Industry)Waste Management -5.390e-02 7.593e-02 -0.710 0.477838
Day_of_EarningsCall -8.673e-05 1.462e-05 -5.931 3.09e-09 ***
Covid_Exposure 3.566e-01 3.472e-03 102.698 < 2e-16 ***
PRiskT_health 6.205e-07 2.669e-07 2.324 0.020123 *
---
Signif. codes: 0 ‘***’ 0.001 ‘**’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1
Residual standard error: 0.4224 on 13004 degrees of freedom
(3290 observations deleted due to missingness)
Multiple R-squared: 0.5201, Adjusted R-squared: 0.5148
F-statistic: 97.2 on 145 and 13004 DF, p-value: < 2.2e-16
lm(Percent_Change_bt_DayBefore_y_DayAfter ~ c(Industry) + Day_of_EarningsCall + Covid_Net_Sentiment + Covid_Net_Sentiment:c(Industry), data=Closing_Share_Price_Across_Time) |>
summary()
Call:
lm(formula = Percent_Change_bt_DayBefore_y_DayAfter ~ c(Industry) +
Day_of_EarningsCall + Covid_Net_Sentiment + Covid_Net_Sentiment:c(Industry),
data = Closing_Share_Price_Across_Time)
Residuals:
Min 1Q Median 3Q Max
-101.070 -4.740 -0.264 4.372 252.209
Coefficients:
Estimate Std. Error t value Pr(>|t|)
(Intercept) 1.743e+01 6.596e+00 2.642 0.00825 **
c(Industry)Aerospace & Defense 3.758e-01 1.434e+00 0.262 0.79322
c(Industry)Agricultural Inputs 1.865e+00 2.147e+00 0.869 0.38504
c(Industry)Airlines 7.405e-01 1.791e+00 0.413 0.67936
c(Industry)Airports & Air Services -2.520e+00 6.174e+00 -0.408 0.68318
c(Industry)Aluminum -1.372e+00 3.558e+00 -0.386 0.69987
c(Industry)Apparel Manufacturing 8.475e-01 1.546e+00 0.548 0.58354
c(Industry)Apparel Retail 2.441e+00 1.487e+00 1.642 0.10061
c(Industry)Asset Management 2.544e+00 1.306e+00 1.948 0.05147 .
c(Industry)Auto & Truck Dealerships 1.835e+00 1.672e+00 1.097 0.27249
c(Industry)Auto Manufacturers -8.148e-01 2.415e+00 -0.337 0.73585
c(Industry)Auto Parts 2.610e+00 1.479e+00 1.765 0.07760 .
c(Industry)Banks - Diversified -1.430e+00 2.759e+00 -0.518 0.60429
c(Industry)Banks - Regional 1.970e+00 1.256e+00 1.568 0.11679
c(Industry)Beverages - Brewers 3.299e+00 3.077e+00 1.072 0.28374
c(Industry)Beverages - Non-Alcoholic -1.564e+00 1.917e+00 -0.816 0.41466
c(Industry)Beverages - Wineries & Distilleries -2.491e+00 4.391e+00 -0.567 0.57051
c(Industry)Biotechnology 1.144e-01 1.221e+00 0.094 0.92532
c(Industry)Broadcasting 3.987e+00 1.742e+00 2.289 0.02208 *
c(Industry)Building Materials 1.075e+00 2.899e+00 0.371 0.71075
c(Industry)Building Products & Equipment 1.601e+00 1.497e+00 1.069 0.28495
c(Industry)Business Equipment & Supplies -2.207e+00 3.643e+00 -0.606 0.54469
c(Industry)Capital Markets 1.053e+00 1.864e+00 0.565 0.57219
c(Industry)Chemicals 2.992e+00 2.075e+00 1.442 0.14919
c(Industry)Coking Coal 2.466e+00 2.587e+00 0.953 0.34048
c(Industry)Communication Equipment 4.321e-01 1.427e+00 0.303 0.76204
c(Industry)Computer Hardware 1.935e+00 1.573e+00 1.230 0.21877
c(Industry)Confectioners 9.747e-01 3.109e+00 0.314 0.75390
c(Industry)Conglomerates 8.017e-01 1.695e+00 0.473 0.63626
c(Industry)Consulting Services 2.050e+00 1.798e+00 1.140 0.25419
c(Industry)Consumer Electronics 1.340e+00 2.279e+00 0.588 0.55677
c(Industry)Copper -1.382e-01 3.136e+00 -0.044 0.96487
c(Industry)Credit Services 4.875e+00 1.576e+00 3.093 0.00199 **
c(Industry)Department Stores -8.050e-01 2.671e+00 -0.301 0.76311
c(Industry)Diagnostics & Research 6.397e-01 1.329e+00 0.481 0.63026
c(Industry)Discount Stores -7.672e-01 1.809e+00 -0.424 0.67158
c(Industry)Drug Manufacturers - General 4.484e-01 1.737e+00 0.258 0.79627
c(Industry)Drug Manufacturers - Specialty & Generic -3.131e-01 1.351e+00 -0.232 0.81668
c(Industry)Education & Training Services 2.294e+00 1.736e+00 1.322 0.18636
c(Industry)Electrical Equipment & Parts -1.279e+00 1.657e+00 -0.772 0.44021
c(Industry)Electronic Components 1.731e+00 1.490e+00 1.162 0.24525
c(Industry)Electronic Gaming & Multimedia 5.880e+00 3.463e+00 1.698 0.08959 .
c(Industry)Electronics & Computer Distribution 3.573e+00 2.247e+00 1.590 0.11180
c(Industry)Engineering & Construction 9.739e-01 1.452e+00 0.671 0.50228
c(Industry)Entertainment 1.290e+00 1.563e+00 0.825 0.40919
c(Industry)Farm & Heavy Construction Machinery 8.897e-01 1.635e+00 0.544 0.58628
c(Industry)Farm Products -1.957e+00 1.937e+00 -1.010 0.31238
c(Industry)Financial Conglomerates 4.288e+00 3.298e+00 1.300 0.19358
c(Industry)Financial Data & Stock Exchanges -2.751e-02 1.967e+00 -0.014 0.98884
c(Industry)Food Distribution 2.158e-01 1.845e+00 0.117 0.90688
c(Industry)Footwear & Accessories 8.141e-01 1.753e+00 0.464 0.64241
c(Industry)Furnishings, Fixtures & Appliances 2.902e-01 1.580e+00 0.184 0.85425
c(Industry)Gambling 4.165e+00 2.003e+00 2.079 0.03764 *
c(Industry)Gold 1.352e+00 2.210e+00 0.612 0.54055
c(Industry)Grocery Stores 2.341e+00 2.097e+00 1.117 0.26421
c(Industry)Health Information Services -1.033e+00 1.475e+00 -0.700 0.48373
c(Industry)Healthcare Plans 8.313e-01 1.837e+00 0.453 0.65085
c(Industry)Home Improvement Retail 1.159e+00 2.292e+00 0.506 0.61320
c(Industry)Household & Personal Products 2.214e+00 1.551e+00 1.428 0.15344
c(Industry)Industrial Distribution 1.558e+00 1.640e+00 0.950 0.34211
c(Industry)Information Technology Services 2.762e+00 1.425e+00 1.939 0.05256 .
c(Industry)Infrastructure Operations 1.781e+00 5.626e+00 0.316 0.75165
c(Industry)Insurance - Diversified 4.120e+00 2.898e+00 1.422 0.15512
c(Industry)Insurance - Life 8.962e-02 1.867e+00 0.048 0.96171
c(Industry)Insurance - Property & Casualty 1.761e+00 1.546e+00 1.139 0.25458
c(Industry)Insurance - Reinsurance -4.851e+00 9.098e+00 -0.533 0.59389
c(Industry)Insurance - Specialty -1.741e-01 1.937e+00 -0.090 0.92840
c(Industry)Insurance Brokers -3.502e+00 2.190e+00 -1.599 0.10985
c(Industry)Integrated Freight & Logistics 2.193e+00 1.786e+00 1.228 0.21950
c(Industry)Internet Content & Information 3.898e+00 1.571e+00 2.481 0.01311 *
c(Industry)Internet Retail 1.645e+00 1.912e+00 0.860 0.38962
c(Industry)Leisure 2.286e+00 1.695e+00 1.349 0.17739
c(Industry)Lodging 1.413e+00 2.110e+00 0.670 0.50306
c(Industry)Lumber & Wood Production 2.147e+00 2.782e+00 0.772 0.44037
c(Industry)Luxury Goods -1.416e+00 2.626e+00 -0.539 0.58964
c(Industry)Marine Shipping 6.561e-01 2.905e+00 0.226 0.82135
c(Industry)Medical Care Facilities 1.882e+00 1.409e+00 1.336 0.18144
c(Industry)Medical Devices 1.635e-01 1.247e+00 0.131 0.89565
c(Industry)Medical Distribution 5.493e-03 1.863e+00 0.003 0.99765
c(Industry)Medical Instruments & Supplies 7.368e-01 1.346e+00 0.548 0.58399
c(Industry)Metal Fabrication -8.233e-03 1.874e+00 -0.004 0.99649
c(Industry)Mortgage Finance 1.964e+00 2.452e+00 0.801 0.42304
c(Industry)Oil & Gas Drilling 1.092e+00 4.231e+00 0.258 0.79641
c(Industry)Oil & Gas E&P 1.479e+00 1.622e+00 0.912 0.36199
c(Industry)Oil & Gas Equipment & Services 7.469e-02 1.492e+00 0.050 0.96008
c(Industry)Oil & Gas Integrated 1.030e+00 3.055e+00 0.337 0.73611
c(Industry)Oil & Gas Midstream 9.316e-01 1.732e+00 0.538 0.59063
c(Industry)Oil & Gas Refining & Marketing 2.432e+00 1.853e+00 1.312 0.18947
c(Industry)Other Industrial Metals & Mining -1.201e+00 4.173e+00 -0.288 0.77357
c(Industry)Other Precious Metals & Mining 4.104e+00 4.112e+00 0.998 0.31836
c(Industry)Packaged Foods 5.365e-01 1.369e+00 0.392 0.69525
c(Industry)Packaging & Containers 1.329e+00 1.590e+00 0.836 0.40319
c(Industry)Paper & Paper Products -1.319e+01 9.298e+00 -1.418 0.15609
c(Industry)Personal Services 1.619e+00 1.990e+00 0.813 0.41599
c(Industry)Pharmaceutical Retailers -1.539e+00 3.531e+00 -0.436 0.66302
c(Industry)Pollution & Treatment Controls 1.310e+00 2.511e+00 0.522 0.60189
c(Industry)Publishing 1.607e+00 2.516e+00 0.639 0.52289
c(Industry)Railroads 1.642e+00 2.079e+00 0.790 0.42963
c(Industry)Real Estate - Development 4.436e+00 4.353e+00 1.019 0.30819
c(Industry)Real Estate - Diversified 1.519e+00 4.388e+00 0.346 0.72914
c(Industry)Real Estate Services 2.888e+00 1.782e+00 1.621 0.10511
c(Industry)Recreational Vehicles 5.774e-01 2.084e+00 0.277 0.78176
c(Industry)REIT - Diversified 1.531e-02 1.853e+00 0.008 0.99341
c(Industry)REIT - Healthcare Facilities 1.578e+00 1.652e+00 0.955 0.33956
c(Industry)REIT - Hotel & Motel 9.974e-01 1.594e+00 0.626 0.53146
c(Industry)REIT - Industrial 6.296e-01 1.869e+00 0.337 0.73627
c(Industry)REIT - Mortgage 8.144e-01 1.437e+00 0.567 0.57081
c(Industry)REIT - Office 8.773e-01 1.650e+00 0.532 0.59495
c(Industry)REIT - Residential 1.799e+00 1.620e+00 1.110 0.26704
c(Industry)REIT - Retail 1.793e+00 1.567e+00 1.144 0.25276
c(Industry)REIT - Specialty 1.069e+00 1.596e+00 0.670 0.50275
c(Industry)Rental & Leasing Services 5.975e-01 1.773e+00 0.337 0.73617
c(Industry)Residential Construction 2.891e+00 1.792e+00 1.613 0.10667
c(Industry)Resorts & Casinos 1.988e+00 1.674e+00 1.188 0.23491
c(Industry)Restaurants 2.911e+00 1.391e+00 2.093 0.03640 *
c(Industry)Scientific & Technical Instruments 2.572e-01 1.561e+00 0.165 0.86915
c(Industry)Security & Protection Services -1.863e+00 1.933e+00 -0.964 0.33527
c(Industry)Semiconductor Equipment & Materials 1.326e+00 1.509e+00 0.879 0.37967
c(Industry)Semiconductors 3.560e+00 1.407e+00 2.530 0.01141 *
c(Industry)Software - Application 1.404e-01 1.248e+00 0.112 0.91044
c(Industry)Software - Infrastructure 8.872e-01 1.293e+00 0.686 0.49265
c(Industry)Solar 4.095e+00 2.392e+00 1.712 0.08693 .
c(Industry)Specialty Business Services -1.176e-01 1.599e+00 -0.074 0.94134
c(Industry)Specialty Chemicals 2.209e-01 1.385e+00 0.160 0.87321
c(Industry)Specialty Industrial Machinery 1.482e+00 1.347e+00 1.100 0.27148
c(Industry)Specialty Retail 2.839e+00 1.482e+00 1.915 0.05551 .
c(Industry)Staffing & Employment Services 3.114e+00 1.724e+00 1.807 0.07082 .
c(Industry)Steel 2.492e+00 2.047e+00 1.217 0.22363
c(Industry)Telecom Services 1.059e+00 1.609e+00 0.658 0.51029
c(Industry)Textile Manufacturing -3.035e+00 2.425e+00 -1.252 0.21075
c(Industry)Thermal Coal 9.257e-01 2.363e+00 0.392 0.69523
c(Industry)Tobacco 1.940e+00 2.227e+00 0.871 0.38353
c(Industry)Tools & Accessories 7.563e-02 1.877e+00 0.040 0.96787
c(Industry)Travel Services 1.106e+00 1.789e+00 0.618 0.53656
c(Industry)Trucking 2.388e+00 2.379e+00 1.004 0.31548
c(Industry)Uranium -6.731e+00 4.158e+00 -1.619 0.10548
c(Industry)Utilities - Diversified 1.090e+00 2.571e+00 0.424 0.67144
c(Industry)Utilities - Independent Power Producers 2.698e+00 4.727e+00 0.571 0.56823
c(Industry)Utilities - Regulated Electric 1.100e+00 1.459e+00 0.754 0.45069
c(Industry)Utilities - Regulated Gas 2.054e+00 1.931e+00 1.064 0.28741
c(Industry)Utilities - Regulated Water 2.236e+00 2.599e+00 0.861 0.38953
c(Industry)Utilities - Renewable 1.766e+00 4.688e+00 0.377 0.70636
c(Industry)Waste Management 7.522e-01 1.861e+00 0.404 0.68615
Day_of_EarningsCall -9.712e-04 3.475e-04 -2.795 0.00520 **
Covid_Net_Sentiment 6.724e-01 1.815e+00 0.370 0.71108
c(Industry)Aerospace & Defense:Covid_Net_Sentiment 1.986e-01 2.233e+00 0.089 0.92912
c(Industry)Agricultural Inputs:Covid_Net_Sentiment 1.646e+00 4.551e+00 0.362 0.71767
c(Industry)Airlines:Covid_Net_Sentiment 3.316e+00 4.178e+00 0.794 0.42734
c(Industry)Airports & Air Services:Covid_Net_Sentiment 2.314e+01 2.017e+01 1.147 0.25132
c(Industry)Aluminum:Covid_Net_Sentiment 2.642e-01 4.306e+00 0.061 0.95107
c(Industry)Apparel Manufacturing:Covid_Net_Sentiment -1.495e+00 2.480e+00 -0.603 0.54657
c(Industry)Apparel Retail:Covid_Net_Sentiment -3.237e+00 2.676e+00 -1.210 0.22648
c(Industry)Asset Management:Covid_Net_Sentiment 1.387e+00 2.082e+00 0.666 0.50530
c(Industry)Auto & Truck Dealerships:Covid_Net_Sentiment -6.247e+00 3.220e+00 -1.940 0.05240 .
c(Industry)Auto Manufacturers:Covid_Net_Sentiment -1.169e+00 6.440e+00 -0.182 0.85597
c(Industry)Auto Parts:Covid_Net_Sentiment 1.859e-01 2.096e+00 0.089 0.92931
c(Industry)Banks - Diversified:Covid_Net_Sentiment 6.888e-01 1.083e+01 0.064 0.94928
c(Industry)Banks - Regional:Covid_Net_Sentiment -3.184e-01 2.060e+00 -0.155 0.87720
c(Industry)Beverages - Brewers:Covid_Net_Sentiment 8.117e+00 6.495e+00 1.250 0.21145
c(Industry)Beverages - Non-Alcoholic:Covid_Net_Sentiment -8.903e-01 2.832e+00 -0.314 0.75328
c(Industry)Beverages - Wineries & Distilleries:Covid_Net_Sentiment 1.494e+00 9.720e+00 0.154 0.87788
c(Industry)Biotechnology:Covid_Net_Sentiment -3.761e-01 1.909e+00 -0.197 0.84383
c(Industry)Broadcasting:Covid_Net_Sentiment 4.166e+00 2.837e+00 1.468 0.14207
c(Industry)Building Materials:Covid_Net_Sentiment -1.810e+00 8.395e+00 -0.216 0.82935
c(Industry)Building Products & Equipment:Covid_Net_Sentiment -3.729e-01 2.731e+00 -0.137 0.89139
c(Industry)Business Equipment & Supplies:Covid_Net_Sentiment 1.659e+00 7.172e+00 0.231 0.81711
c(Industry)Capital Markets:Covid_Net_Sentiment 2.078e+00 4.193e+00 0.496 0.62022
c(Industry)Chemicals:Covid_Net_Sentiment 2.387e+00 2.535e+00 0.942 0.34643
c(Industry)Coking Coal:Covid_Net_Sentiment 3.572e+00 4.773e+00 0.748 0.45419
c(Industry)Communication Equipment:Covid_Net_Sentiment 5.077e-01 2.306e+00 0.220 0.82572
c(Industry)Computer Hardware:Covid_Net_Sentiment -2.188e+00 2.353e+00 -0.930 0.35242
c(Industry)Confectioners:Covid_Net_Sentiment 2.229e+00 7.009e+00 0.318 0.75046
c(Industry)Conglomerates:Covid_Net_Sentiment -1.015e+00 2.753e+00 -0.369 0.71234
c(Industry)Consulting Services:Covid_Net_Sentiment 6.793e-01 3.376e+00 0.201 0.84053
c(Industry)Consumer Electronics:Covid_Net_Sentiment 8.662e+00 3.961e+00 2.187 0.02879 *
c(Industry)Copper:Covid_Net_Sentiment -1.163e+00 7.483e+00 -0.155 0.87646
c(Industry)Credit Services:Covid_Net_Sentiment -1.016e-02 2.782e+00 -0.004 0.99709
c(Industry)Department Stores:Covid_Net_Sentiment -3.866e+00 6.253e+00 -0.618 0.53639
c(Industry)Diagnostics & Research:Covid_Net_Sentiment -3.528e-01 2.070e+00 -0.170 0.86470
c(Industry)Discount Stores:Covid_Net_Sentiment 1.647e+01 4.257e+00 3.869 0.00011 ***
c(Industry)Drug Manufacturers - General:Covid_Net_Sentiment -2.065e+00 3.007e+00 -0.687 0.49226
c(Industry)Drug Manufacturers - Specialty & Generic:Covid_Net_Sentiment -1.330e+00 2.017e+00 -0.659 0.50964
c(Industry)Education & Training Services:Covid_Net_Sentiment -2.950e-01 3.108e+00 -0.095 0.92437
c(Industry)Electrical Equipment & Parts:Covid_Net_Sentiment 1.531e+00 2.670e+00 0.573 0.56647
c(Industry)Electronic Components:Covid_Net_Sentiment -2.787e-01 2.192e+00 -0.127 0.89883
c(Industry)Electronic Gaming & Multimedia:Covid_Net_Sentiment 8.812e+00 2.039e+01 0.432 0.66557
c(Industry)Electronics & Computer Distribution:Covid_Net_Sentiment 3.557e+00 3.545e+00 1.003 0.31577
c(Industry)Engineering & Construction:Covid_Net_Sentiment -2.220e+00 2.401e+00 -0.925 0.35518
c(Industry)Entertainment:Covid_Net_Sentiment -7.746e-01 2.226e+00 -0.348 0.72790
c(Industry)Farm & Heavy Construction Machinery:Covid_Net_Sentiment -1.301e+00 2.610e+00 -0.499 0.61809
c(Industry)Farm Products:Covid_Net_Sentiment -1.060e+00 3.573e+00 -0.297 0.76667
c(Industry)Financial Conglomerates:Covid_Net_Sentiment 9.373e+00 7.763e+00 1.207 0.22726
c(Industry)Financial Data & Stock Exchanges:Covid_Net_Sentiment -1.573e+00 5.623e+00 -0.280 0.77974
c(Industry)Food Distribution:Covid_Net_Sentiment -8.323e-01 3.630e+00 -0.229 0.81865
c(Industry)Footwear & Accessories:Covid_Net_Sentiment -1.018e+00 3.085e+00 -0.330 0.74127
c(Industry)Furnishings, Fixtures & Appliances:Covid_Net_Sentiment -1.655e+00 2.509e+00 -0.660 0.50950
c(Industry)Gambling:Covid_Net_Sentiment 4.739e+00 4.133e+00 1.147 0.25152
c(Industry)Gold:Covid_Net_Sentiment 3.397e+00 4.916e+00 0.691 0.48958
c(Industry)Grocery Stores:Covid_Net_Sentiment -9.964e+00 4.357e+00 -2.287 0.02221 *
c(Industry)Health Information Services:Covid_Net_Sentiment -3.500e+00 2.535e+00 -1.381 0.16737
[ reached getOption("max.print") -- omitted 87 rows ]
---
Signif. codes: 0 ‘***’ 0.001 ‘**’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1
Residual standard error: 10.18 on 12710 degrees of freedom
(3443 observations deleted due to missingness)
Multiple R-squared: 0.02655, Adjusted R-squared: 0.004647
F-statistic: 1.212 on 286 and 12710 DF, p-value: 0.008807
PercentChange_SharePrices_HierchicalIndustryCompany_RandomIndustryFirms <- glmer(
"Percent_Change_bt_DayBefore_y_DayAfter ~ Day_of_EarningsCall + Covid_Net_Sentiment + (1 | Industry/company_name)",
data=Closing_Share_Price_Across_Time,
family=gaussian) Warning: calling glmer() with family=gaussian (identity link) as a shortcut to lmer() is deprecated; please call lmer() directlyPercentChange_SharePrices_HierchicalIndustryCompany_RandomIndustryFirms Linear mixed model fit by REML ['lmerMod']
Formula: Percent_Change_bt_DayBefore_y_DayAfter ~ Day_of_EarningsCall + Covid_Net_Sentiment + (1 | Industry/company_name)
Data: Closing_Share_Price_Across_Time
REML criterion at convergence: 97238.78
Random effects:
Groups Name Std.Dev.
company_name:Industry (Intercept) 1.4651
Industry (Intercept) 0.6788
Residual 10.0722
Number of obs: 12997, groups: company_name:Industry, 2586; Industry, 143
Fixed Effects:
(Intercept) Day_of_EarningsCall Covid_Net_Sentiment
18.6028533 -0.0009705 0.6382260 summary(PercentChange_SharePrices_HierchicalIndustryCompany_RandomIndustryFirms)$coefficients Estimate Std. Error t value
(Intercept) 18.6028532790 6.3945309386 2.909182
Day_of_EarningsCall -0.0009704803 0.0003424276 -2.834118
Covid_Net_Sentiment 0.6382259795 0.1578113085 4.044235p-value for Day_of_EarningsCall < 0.05 p-value for Covid_Net_Sentiment < 0.01
tidy(PercentChange_SharePrices_HierchicalIndustryCompany_RandomIndustryFirms)
PercentChange_SharePrices_HierchicalIndustryCompany <- glmer(
"Percent_Change_bt_DayBefore_y_DayAfter ~ -1 + Day_of_EarningsCall + c(Industry) + Covid_Net_Sentiment:c(Industry) + (1 | company_name)",
data=Closing_Share_Price_Across_Time,
family=gaussian) Warning: calling glmer() with family=gaussian (identity link) as a shortcut to lmer() is deprecated; please call lmer() directlyWarning: Some predictor variables are on very different scales: consider rescalingsummary(PercentChange_SharePrices_HierchicalIndustryCompany)$coefficients Estimate Std. Error t value
Day_of_EarningsCall -9.769405e-04 3.471044e-04 -2.814543610
c(Industry)Advertising Agencies 1.752299e+01 6.600386e+00 2.654843495
c(Industry)Aerospace & Defense 1.792309e+01 6.543940e+00 2.738884005
c(Industry)Agricultural Inputs 1.932752e+01 6.732813e+00 2.870645058
c(Industry)Airlines 1.825161e+01 6.647717e+00 2.745545148
c(Industry)Airports & Air Services 1.501707e+01 8.919247e+00 1.683670101
c(Industry)Aluminum 1.619739e+01 7.347254e+00 2.204549684
c(Industry)Apparel Manufacturing 1.837053e+01 6.580083e+00 2.791838960
c(Industry)Apparel Retail 1.999504e+01 6.563559e+00 3.046371535
c(Industry)Asset Management 2.008727e+01 6.503776e+00 3.088555301
c(Industry)Auto & Truck Dealerships 1.921669e+01 6.617899e+00 2.903744489
c(Industry)Auto Manufacturers 1.670493e+01 6.849198e+00 2.438961294
c(Industry)Auto Parts 2.011695e+01 6.540363e+00 3.075815569
c(Industry)Banks - Diversified 1.612714e+01 6.981378e+00 2.310022745
c(Industry)Banks - Regional 1.952694e+01 6.491398e+00 3.008125841
c(Industry)Beverages - Brewers 2.086074e+01 7.135627e+00 2.923462430
c(Industry)Beverages - Non-Alcoholic 1.588149e+01 6.668816e+00 2.381456179
c(Industry)Beverages - Wineries & Distilleries 1.501220e+01 7.827290e+00 1.917930866
c(Industry)Biotechnology 1.768441e+01 6.474630e+00 2.731338594
c(Industry)Broadcasting 2.153236e+01 6.632099e+00 3.246688380
c(Industry)Building Materials 1.864640e+01 7.067884e+00 2.638186476
c(Industry)Building Products & Equipment 1.914115e+01 6.555648e+00 2.919795682
c(Industry)Business Equipment & Supplies 1.511786e+01 7.300092e+00 2.070913196
c(Industry)Capital Markets 1.860898e+01 6.636056e+00 2.804222430
c(Industry)Chemicals 2.058289e+01 6.698412e+00 3.072801096
c(Industry)Coking Coal 2.014108e+01 6.926850e+00 2.907683175
c(Industry)Communication Equipment 1.794202e+01 6.534046e+00 2.745927558
c(Industry)Computer Hardware 1.949671e+01 6.579174e+00 2.963398099
c(Industry)Confectioners 1.851132e+01 7.185692e+00 2.576136473
c(Industry)Conglomerates 1.838261e+01 6.607230e+00 2.782196028
c(Industry)Consulting Services 1.958518e+01 6.642924e+00 2.948276114
c(Industry)Consumer Electronics 1.895523e+01 6.805083e+00 2.785451858
c(Industry)Copper 1.738987e+01 7.215429e+00 2.410095495
c(Industry)Credit Services 2.251814e+01 6.580874e+00 3.421755564
c(Industry)Department Stores 1.666775e+01 6.938939e+00 2.402060141
c(Industry)Diagnostics & Research 1.814351e+01 6.519023e+00 2.783164214
c(Industry)Discount Stores 1.680495e+01 6.655115e+00 2.525117696
c(Industry)Drug Manufacturers - General 1.798558e+01 6.631100e+00 2.712307422
c(Industry)Drug Manufacturers - Specialty & Generic 1.722571e+01 6.528490e+00 2.638543946
c(Industry)Education & Training Services 1.982654e+01 6.639052e+00 2.986350374
c(Industry)Electrical Equipment & Parts 1.624622e+01 6.582537e+00 2.468078443
c(Industry)Electronic Components 1.926009e+01 6.560897e+00 2.935587791
c(Industry)Electronic Gaming & Multimedia 2.344708e+01 7.302749e+00 3.210719040
c(Industry)Electronics & Computer Distribution 2.110567e+01 6.788119e+00 3.109207812
c(Industry)Engineering & Construction 1.852586e+01 6.556397e+00 2.825615545
c(Industry)Entertainment 1.887896e+01 6.596569e+00 2.861936225
c(Industry)Farm & Heavy Construction Machinery 1.851262e+01 6.581842e+00 2.812680456
c(Industry)Farm Products 1.550059e+01 6.693367e+00 2.315813582
c(Industry)Financial Conglomerates 2.181677e+01 7.235031e+00 3.015436008
c(Industry)Financial Data & Stock Exchanges 1.750144e+01 6.670508e+00 2.623704357
c(Industry)Food Distribution 1.775426e+01 6.675468e+00 2.659627243
c(Industry)Footwear & Accessories 1.840003e+01 6.627786e+00 2.776196163
c(Industry)Furnishings, Fixtures & Appliances 1.768820e+01 6.594783e+00 2.682150608
c(Industry)Gambling 2.162362e+01 6.696621e+00 3.229034017
c(Industry)Gold 1.887446e+01 6.786698e+00 2.781096211
c(Industry)Grocery Stores 1.985645e+01 6.750405e+00 2.941519552
c(Industry)Health Information Services 1.660209e+01 6.561682e+00 2.530157536
c(Industry)Healthcare Plans 1.837395e+01 6.679426e+00 2.750828251
c(Industry)Home Improvement Retail 1.877905e+01 6.801826e+00 2.760883214
c(Industry)Household & Personal Products 1.977695e+01 6.563333e+00 3.013248352
c(Industry)Industrial Distribution 1.904282e+01 6.604612e+00 2.883260835
c(Industry)Information Technology Services 2.033555e+01 6.542534e+00 3.108206357
c(Industry)Infrastructure Operations 1.931645e+01 8.602088e+00 2.245553322
c(Industry)Insurance - Diversified 2.165922e+01 7.065240e+00 3.065602437
c(Industry)Insurance - Life 1.764955e+01 6.681431e+00 2.641582381
c(Industry)Insurance - Property & Casualty 1.930833e+01 6.577541e+00 2.935493603
c(Industry)Insurance - Reinsurance 1.268552e+01 1.115650e+01 1.137051748
c(Industry)Insurance - Specialty 1.736502e+01 6.705883e+00 2.589520843
c(Industry)Insurance Brokers 1.416070e+01 6.768144e+00 2.092257197
c(Industry)Integrated Freight & Logistics 1.964015e+01 6.641397e+00 2.957232324
c(Industry)Internet Content & Information 2.149086e+01 6.585982e+00 3.263122540
c(Industry)Internet Retail 1.905648e+01 6.673163e+00 2.855689985
c(Industry)Leisure 1.984655e+01 6.613617e+00 3.000861610
c(Industry)Lodging 1.898925e+01 6.748197e+00 2.813974523
c(Industry)Lumber & Wood Production 1.970579e+01 7.008393e+00 2.811741630
c(Industry)Luxury Goods 1.620376e+01 6.941688e+00 2.334267247
c(Industry)Marine Shipping 1.818305e+01 7.065573e+00 2.573472059
c(Industry)Medical Care Facilities 1.926648e+01 6.554778e+00 2.939302624
c(Industry)Medical Devices 1.770605e+01 6.507423e+00 2.720899933
c(Industry)Medical Distribution 1.748446e+01 6.668600e+00 2.621908497
c(Industry)Medical Instruments & Supplies 1.824140e+01 6.528630e+00 2.794062373
c(Industry)Metal Fabrication 1.752813e+01 6.659787e+00 2.631935543
c(Industry)Mortgage Finance 1.951672e+01 6.843416e+00 2.851897944
c(Industry)Oil & Gas Drilling 1.858914e+01 7.708769e+00 2.411427852
c(Industry)Oil & Gas E&P 1.900442e+01 6.566933e+00 2.893956445
c(Industry)Oil & Gas Equipment & Services 1.760545e+01 6.544200e+00 2.690236934
c(Industry)Oil & Gas Integrated 1.853968e+01 7.123102e+00 2.602754199
c(Industry)Oil & Gas Midstream 1.850390e+01 6.605317e+00 2.801364445
c(Industry)Oil & Gas Refining & Marketing 1.988788e+01 6.645362e+00 2.992746177
c(Industry)Other Industrial Metals & Mining 1.632299e+01 7.658758e+00 2.131284749
c(Industry)Other Precious Metals & Mining 2.166747e+01 7.648998e+00 2.832720361
c(Industry)Packaged Foods 1.803016e+01 6.526796e+00 2.762482552
c(Industry)Packaging & Containers 1.891135e+01 6.579495e+00 2.874286156
c(Industry)Paper & Paper Products 4.346957e+00 1.127403e+01 0.385572399
c(Industry)Personal Services 1.910966e+01 6.706652e+00 2.849359505
c(Industry)Pharmaceutical Retailers 1.599611e+01 7.335096e+00 2.180764099
c(Industry)Pollution & Treatment Controls 1.880624e+01 6.898147e+00 2.726273575
c(Industry)Publishing 1.919271e+01 6.907966e+00 2.778344827
c(Industry)Railroads 1.920804e+01 6.723442e+00 2.856875801
c(Industry)Real Estate - Development 2.193352e+01 7.737740e+00 2.834615978
c(Industry)Real Estate - Diversified 1.905599e+01 7.909559e+00 2.409235752
c(Industry)Real Estate Services 2.042546e+01 6.644186e+00 3.074184940
c(Industry)Recreational Vehicles 1.811045e+01 6.708832e+00 2.699493785
c(Industry)REIT - Diversified 1.756257e+01 6.659156e+00 2.637356721
c(Industry)REIT - Healthcare Facilities 1.910997e+01 6.595709e+00 2.897334061
c(Industry)REIT - Hotel & Motel 1.853731e+01 6.582477e+00 2.816159697
c(Industry)REIT - Industrial 1.815525e+01 6.631414e+00 2.737764635
c(Industry)REIT - Mortgage 1.834583e+01 6.546556e+00 2.802363114
c(Industry)REIT - Office 1.841960e+01 6.608928e+00 2.787078332
c(Industry)REIT - Residential 1.933413e+01 6.594612e+00 2.931806854
c(Industry)REIT - Retail 1.927536e+01 6.588406e+00 2.925648562
c(Industry)REIT - Specialty 1.860423e+01 6.585487e+00 2.825035343
c(Industry)Rental & Leasing Services 1.815573e+01 6.648934e+00 2.730623414
c(Industry)Residential Construction 2.046259e+01 6.631333e+00 3.085743121
c(Industry)Resorts & Casinos 1.958711e+01 6.613964e+00 2.961478605
c(Industry)Restaurants 2.045702e+01 6.540684e+00 3.127657339
c(Industry)Scientific & Technical Instruments 1.777158e+01 6.582571e+00 2.699792763
c(Industry)Security & Protection Services 1.552564e+01 6.700784e+00 2.316987998
c(Industry)Semiconductor Equipment & Materials 1.885861e+01 6.538323e+00 2.884319219
c(Industry)Semiconductors 2.112073e+01 6.513846e+00 3.242435892
c(Industry)Software - Application 1.766350e+01 6.500155e+00 2.717397327
c(Industry)Software - Infrastructure 1.836905e+01 6.508310e+00 2.822400031
c(Industry)Solar 2.162075e+01 6.849517e+00 3.156535716
c(Industry)Specialty Business Services 1.741142e+01 6.597695e+00 2.639014840
c(Industry)Specialty Chemicals 1.772000e+01 6.533476e+00 2.712184966
c(Industry)Specialty Industrial Machinery 1.895555e+01 6.518641e+00 2.907898968
c(Industry)Specialty Retail 2.036143e+01 6.551431e+00 3.107936626
c(Industry)Staffing & Employment Services 2.060825e+01 6.625427e+00 3.110479176
c(Industry)Steel 2.001727e+01 6.706064e+00 2.984950079
c(Industry)Telecom Services 1.860766e+01 6.580116e+00 2.827861582
c(Industry)Textile Manufacturing 1.452279e+01 6.861682e+00 2.116506205
c(Industry)Thermal Coal 1.849469e+01 6.826007e+00 2.709444607
c(Industry)Tobacco 1.939233e+01 6.790650e+00 2.855739119
c(Industry)Tools & Accessories 1.762643e+01 6.663461e+00 2.645236743
c(Industry)Travel Services 1.866228e+01 6.652106e+00 2.805469067
c(Industry)Trucking 1.997440e+01 6.824576e+00 2.926833553
c(Industry)Uranium 1.080500e+01 7.749856e+00 1.394218891
c(Industry)Utilities - Diversified 1.857978e+01 6.894231e+00 2.694974907
c(Industry)Utilities - Independent Power Producers 2.022584e+01 8.004847e+00 2.526699198
c(Industry)Utilities - Regulated Electric 1.865808e+01 6.548475e+00 2.849224470
c(Industry)Utilities - Regulated Gas 1.956075e+01 6.660971e+00 2.936620932
c(Industry)Utilities - Regulated Water 1.978501e+01 6.907317e+00 2.864354841
c(Industry)Utilities - Renewable 1.934145e+01 8.013290e+00 2.413671240
c(Industry)Waste Management 1.827130e+01 6.658832e+00 2.743920046
c(Industry)Advertising Agencies:Covid_Net_Sentiment 6.725509e-01 1.825314e+00 0.368457630
c(Industry)Aerospace & Defense:Covid_Net_Sentiment 8.964646e-01 1.309372e+00 0.684652584
c(Industry)Agricultural Inputs:Covid_Net_Sentiment 2.263819e+00 4.166881e+00 0.543288704
c(Industry)Airlines:Covid_Net_Sentiment 3.956423e+00 3.766572e+00 1.050404118
c(Industry)Airports & Air Services:Covid_Net_Sentiment 2.381702e+01 2.010741e+01 1.184489695
c(Industry)Aluminum:Covid_Net_Sentiment 8.033514e-01 3.930851e+00 0.204370856
c(Industry)Apparel Manufacturing:Covid_Net_Sentiment -8.369934e-01 1.705216e+00 -0.490843135
c(Industry)Apparel Retail:Covid_Net_Sentiment -2.499407e+00 1.963080e+00 -1.273206786
c(Industry)Asset Management:Covid_Net_Sentiment 2.064393e+00 1.025120e+00 2.013805222
c(Industry)Auto & Truck Dealerships:Covid_Net_Sentiment -5.772391e+00 2.668964e+00 -2.162783362
c(Industry)Auto Manufacturers:Covid_Net_Sentiment -7.155057e-01 6.154040e+00 -0.116266009
c(Industry)Auto Parts:Covid_Net_Sentiment 7.726555e-01 1.054925e+00 0.732426707
c(Industry)Banks - Diversified:Covid_Net_Sentiment 1.482074e+00 1.066969e+01 0.138905083
c(Industry)Banks - Regional:Covid_Net_Sentiment 3.895815e-01 9.823412e-01 0.396584704
c(Industry)Beverages - Brewers:Covid_Net_Sentiment 8.869658e+00 6.168455e+00 1.437905934
c(Industry)Beverages - Non-Alcoholic:Covid_Net_Sentiment -1.306401e-01 2.176346e+00 -0.060027273
c(Industry)Beverages - Wineries & Distilleries:Covid_Net_Sentiment 2.462221e+00 9.629038e+00 0.255707915
c(Industry)Biotechnology:Covid_Net_Sentiment 3.103947e-01 5.964029e-01 0.520444615
c(Industry)Broadcasting:Covid_Net_Sentiment 4.776540e+00 2.191856e+00 2.179221693
c(Industry)Building Materials:Covid_Net_Sentiment -1.038180e+00 8.326409e+00 -0.124685183
c(Industry)Building Products & Equipment:Covid_Net_Sentiment 2.621179e-01 2.049949e+00 0.127865535
c(Industry)Business Equipment & Supplies:Covid_Net_Sentiment 2.364379e+00 6.868544e+00 0.344232982
c(Industry)Capital Markets:Covid_Net_Sentiment 2.835836e+00 3.757020e+00 0.754809962
c(Industry)Chemicals:Covid_Net_Sentiment 3.231795e+00 1.801169e+00 1.794276215
c(Industry)Coking Coal:Covid_Net_Sentiment 4.213311e+00 4.382415e+00 0.961413037
c(Industry)Communication Equipment:Covid_Net_Sentiment 1.001880e+00 1.439051e+00 0.696208378
c(Industry)Computer Hardware:Covid_Net_Sentiment -1.521496e+00 1.525128e+00 -0.997618717
c(Industry)Confectioners:Covid_Net_Sentiment 2.898352e+00 6.713534e+00 0.431717817
c(Industry)Conglomerates:Covid_Net_Sentiment -3.619833e-01 2.074003e+00 -0.174533634
c(Industry)Consulting Services:Covid_Net_Sentiment 1.331599e+00 2.837290e+00 0.469320641
c(Industry)Consumer Electronics:Covid_Net_Sentiment 9.464217e+00 3.593178e+00 2.633940571
c(Industry)Copper:Covid_Net_Sentiment -5.449033e-01 7.248392e+00 -0.075175744
c(Industry)Credit Services:Covid_Net_Sentiment 7.210379e-01 2.128680e+00 0.338725334
c(Industry)Department Stores:Covid_Net_Sentiment -3.159208e+00 5.970755e+00 -0.529113656
c(Industry)Diagnostics & Research:Covid_Net_Sentiment 3.117489e-01 1.002728e+00 0.310900769
c(Industry)Discount Stores:Covid_Net_Sentiment 1.735666e+01 3.861971e+00 4.494248469
c(Industry)Drug Manufacturers - General:Covid_Net_Sentiment -1.325444e+00 2.436761e+00 -0.543936911
c(Industry)Drug Manufacturers - Specialty & Generic:Covid_Net_Sentiment -5.199854e-01 8.995517e-01 -0.578049527
c(Industry)Education & Training Services:Covid_Net_Sentiment 2.081421e-01 2.514741e+00 0.082768800
c(Industry)Electrical Equipment & Parts:Covid_Net_Sentiment 2.149634e+00 1.971581e+00 1.090309378
c(Industry)Electronic Components:Covid_Net_Sentiment 3.186425e-01 1.227822e+00 0.259518563
c(Industry)Electronic Gaming & Multimedia:Covid_Net_Sentiment 9.837269e+00 2.028150e+01 0.485036550
c(Industry)Electronics & Computer Distribution:Covid_Net_Sentiment 4.244024e+00 3.030998e+00 1.400206781
c(Industry)Engineering & Construction:Covid_Net_Sentiment -1.430404e+00 1.581058e+00 -0.904713017
c(Industry)Entertainment:Covid_Net_Sentiment -1.948726e-01 1.322225e+00 -0.147382324
c(Industry)Farm & Heavy Construction Machinery:Covid_Net_Sentiment -5.017472e-01 1.893711e+00 -0.264954524
c(Industry)Farm Products:Covid_Net_Sentiment -5.861827e-01 3.112396e+00 -0.188338108
c(Industry)Financial Conglomerates:Covid_Net_Sentiment 1.007588e+01 7.636365e+00 1.319460798
c(Industry)Financial Data & Stock Exchanges:Covid_Net_Sentiment -8.888756e-01 5.298199e+00 -0.167769378
c(Industry)Food Distribution:Covid_Net_Sentiment -3.760603e-01 3.149177e+00 -0.119415417
c(Industry)Footwear & Accessories:Covid_Net_Sentiment -2.685429e-01 2.517627e+00 -0.106665106
c(Industry)Furnishings, Fixtures & Appliances:Covid_Net_Sentiment -1.091046e+00 1.740516e+00 -0.626852372
c(Industry)Gambling:Covid_Net_Sentiment 5.111663e+00 3.758486e+00 1.360032656
c(Industry)Gold:Covid_Net_Sentiment 3.974303e+00 4.583313e+00 0.867124481
c(Industry)Grocery Stores:Covid_Net_Sentiment -9.148880e+00 4.030796e+00 -2.269745482
c(Industry)Health Information Services:Covid_Net_Sentiment -2.935378e+00 1.775470e+00 -1.653296494
c(Industry)Healthcare Plans:Covid_Net_Sentiment 1.716567e+00 2.621393e+00 0.654829946
c(Industry)Home Improvement Retail:Covid_Net_Sentiment 9.568531e-01 2.260313e+00 0.423327744
c(Industry)Household & Personal Products:Covid_Net_Sentiment 4.046490e-01 1.644447e+00 0.246069892
c(Industry)Industrial Distribution:Covid_Net_Sentiment -5.812667e+00 2.453127e+00 -2.369493215
c(Industry)Information Technology Services:Covid_Net_Sentiment 2.555935e+00 1.831685e+00 1.395400498
c(Industry)Infrastructure Operations:Covid_Net_Sentiment -2.852109e-01 8.237404e+00 -0.034623875
c(Industry)Insurance - Diversified:Covid_Net_Sentiment 4.277110e+00 4.102927e+00 1.042453300
c(Industry)Insurance - Life:Covid_Net_Sentiment -4.603718e-02 1.150395e+00 -0.040018587
c(Industry)Insurance - Property & Casualty:Covid_Net_Sentiment 1.279216e+00 9.634062e-01 1.327805667
c(Industry)Insurance - Reinsurance:Covid_Net_Sentiment -3.972069e+00 4.244340e+00 -0.935850991
c(Industry)Insurance - Specialty:Covid_Net_Sentiment 1.848568e+00 1.538274e+00 1.201716165
c(Industry)Insurance Brokers:Covid_Net_Sentiment -9.985894e-01 2.982241e+00 -0.334845342
c(Industry)Integrated Freight & Logistics:Covid_Net_Sentiment 8.088487e+00 3.076920e+00 2.628760900
c(Industry)Internet Content & Information:Covid_Net_Sentiment 1.975012e+00 2.677147e+00 0.737730383
c(Industry)Internet Retail:Covid_Net_Sentiment -1.507458e+00 3.118653e+00 -0.483368260
c(Industry)Leisure:Covid_Net_Sentiment 2.446550e+00 2.629393e+00 0.930462069
c(Industry)Lodging:Covid_Net_Sentiment -6.225425e+00 3.368413e+00 -1.848177323
c(Industry)Lumber & Wood Production:Covid_Net_Sentiment -2.514615e+00 4.976108e+00 -0.505337628
c(Industry)Luxury Goods:Covid_Net_Sentiment 4.834761e-01 4.354070e+00 0.111040042
c(Industry)Marine Shipping:Covid_Net_Sentiment -1.515307e+00 3.391450e+00 -0.446802147
c(Industry)Medical Care Facilities:Covid_Net_Sentiment 1.276612e+00 8.975489e-01 1.422331178
c(Industry)Medical Devices:Covid_Net_Sentiment 1.265179e+00 5.971513e-01 2.118690098
c(Industry)Medical Distribution:Covid_Net_Sentiment -1.772505e-01 2.818390e+00 -0.062890712
c(Industry)Medical Instruments & Supplies:Covid_Net_Sentiment 6.883875e-01 9.746950e-01 0.706259393
c(Industry)Metal Fabrication:Covid_Net_Sentiment 1.097564e+00 1.835692e+00 0.597901893
c(Industry)Mortgage Finance:Covid_Net_Sentiment 8.061598e-01 2.828682e+00 0.284994816
c(Industry)Oil & Gas Drilling:Covid_Net_Sentiment -9.015285e-01 5.019916e+00 -0.179590359
c(Industry)Oil & Gas E&P:Covid_Net_Sentiment -5.251194e-01 2.721354e+00 -0.192962585
c(Industry)Oil & Gas Equipment & Services:Covid_Net_Sentiment -2.037707e-02 1.169100e+00 -0.017429701
c(Industry)Oil & Gas Integrated:Covid_Net_Sentiment 3.716720e+00 6.120732e+00 0.607234613
c(Industry)Oil & Gas Midstream:Covid_Net_Sentiment -1.947376e-01 2.198124e+00 -0.088592637
c(Industry)Oil & Gas Refining & Marketing:Covid_Net_Sentiment 1.816068e+00 2.820320e+00 0.643922706
c(Industry)Other Industrial Metals & Mining:Covid_Net_Sentiment -3.568368e+00 7.854763e+00 -0.454293478
c(Industry)Other Precious Metals & Mining:Covid_Net_Sentiment -3.198266e-01 1.082735e+01 -0.029538786
c(Industry)Packaged Foods:Covid_Net_Sentiment 2.479688e+00 1.279788e+00 1.937577847
c(Industry)Packaging & Containers:Covid_Net_Sentiment -3.809013e-01 3.213441e+00 -0.118533758
c(Industry)Paper & Paper Products:Covid_Net_Sentiment -1.231426e+01 1.810663e+01 -0.680096893
c(Industry)Personal Services:Covid_Net_Sentiment 6.955890e-01 2.870816e+00 0.242296575
c(Industry)Pharmaceutical Retailers:Covid_Net_Sentiment -1.672664e+00 4.080030e+00 -0.409963728
c(Industry)Pollution & Treatment Controls:Covid_Net_Sentiment -1.535326e+00 4.239088e+00 -0.362183121
c(Industry)Publishing:Covid_Net_Sentiment 7.101992e-01 2.095048e+00 0.338989471
c(Industry)Railroads:Covid_Net_Sentiment 1.146206e+00 4.395625e+00 0.260760613
c(Industry)Real Estate - Development:Covid_Net_Sentiment 2.466398e+00 8.254987e+00 0.298776706
c(Industry)Real Estate - Diversified:Covid_Net_Sentiment 2.951464e+00 6.691138e+00 0.441100478
c(Industry)Real Estate Services:Covid_Net_Sentiment 3.670814e-01 2.926053e+00 0.125452733
c(Industry)Recreational Vehicles:Covid_Net_Sentiment -1.466607e+00 3.099722e+00 -0.473141323
c(Industry)REIT - Diversified:Covid_Net_Sentiment 1.762709e+00 3.230700e+00 0.545612149
c(Industry)REIT - Healthcare Facilities:Covid_Net_Sentiment 1.592130e+00 2.383924e+00 0.667860986
c(Industry)REIT - Hotel & Motel:Covid_Net_Sentiment 5.880653e+00 2.743703e+00 2.143326937
c(Industry)REIT - Industrial:Covid_Net_Sentiment -6.386170e-01 4.211767e+00 -0.151626856
c(Industry)REIT - Mortgage:Covid_Net_Sentiment 4.097220e-01 1.298274e+00 0.315589715
c(Industry)REIT - Office:Covid_Net_Sentiment 3.960797e+00 3.069770e+00 1.290258572
c(Industry)REIT - Residential:Covid_Net_Sentiment 1.123781e+00 3.344137e+00 0.336045234
c(Industry)REIT - Retail:Covid_Net_Sentiment -1.267943e+00 2.388916e+00 -0.530760614
c(Industry)REIT - Specialty:Covid_Net_Sentiment 9.137897e-01 2.130464e+00 0.428915852
c(Industry)Rental & Leasing Services:Covid_Net_Sentiment 5.919049e-01 2.450024e+00 0.241591448
c(Industry)Residential Construction:Covid_Net_Sentiment -8.313152e-01 1.730470e+00 -0.480398513
c(Industry)Resorts & Casinos:Covid_Net_Sentiment 9.458729e-01 2.560434e+00 0.369418957
c(Industry)Restaurants:Covid_Net_Sentiment 1.774190e+00 1.638654e+00 1.082712001
c(Industry)Scientific & Technical Instruments:Covid_Net_Sentiment -2.122107e-01 1.933490e+00 -0.109755257
c(Industry)Security & Protection Services:Covid_Net_Sentiment -1.747377e+00 2.730656e+00 -0.639911067
c(Industry)Semiconductor Equipment & Materials:Covid_Net_Sentiment 8.564378e-01 2.043402e+00 0.419123481
c(Industry)Semiconductors:Covid_Net_Sentiment 3.992987e+00 1.767990e+00 2.258489759
c(Industry)Software - Application:Covid_Net_Sentiment -6.093691e-01 9.866973e-01 -0.617584656
c(Industry)Software - Infrastructure:Covid_Net_Sentiment 2.864049e+00 1.316849e+00 2.174925601
c(Industry)Solar:Covid_Net_Sentiment 4.942293e+00 8.111415e+00 0.609300966
c(Industry)Specialty Business Services:Covid_Net_Sentiment 2.744538e+00 1.829250e+00 1.500362567
c(Industry)Specialty Chemicals:Covid_Net_Sentiment 7.103789e-02 1.342977e+00 0.052895837
c(Industry)Specialty Industrial Machinery:Covid_Net_Sentiment 7.598497e-01 1.156065e+00 0.657272630
c(Industry)Specialty Retail:Covid_Net_Sentiment 2.999486e+00 1.737906e+00 1.725919973
c(Industry)Staffing & Employment Services:Covid_Net_Sentiment 9.052833e-01 1.759231e+00 0.514590250
c(Industry)Steel:Covid_Net_Sentiment 5.645411e-01 3.318966e+00 0.170095490
c(Industry)Telecom Services:Covid_Net_Sentiment 2.271473e+00 1.993905e+00 1.139207975
c(Industry)Textile Manufacturing:Covid_Net_Sentiment 3.605093e-03 2.447776e+00 0.001472803
c(Industry)Thermal Coal:Covid_Net_Sentiment -5.328910e-02 2.267514e+00 -0.023501111
c(Industry)Tobacco:Covid_Net_Sentiment -4.185579e+00 2.415877e+00 -1.732529395
c(Industry)Tools & Accessories:Covid_Net_Sentiment -7.325023e-01 2.369622e+00 -0.309122058
c(Industry)Travel Services:Covid_Net_Sentiment 1.811519e+00 3.708809e+00 0.488436874
c(Industry)Trucking:Covid_Net_Sentiment 5.764375e+00 8.924307e+00 0.645918434
c(Industry)Uranium:Covid_Net_Sentiment 4.494686e-01 4.843891e+00 0.092790826
c(Industry)Utilities - Diversified:Covid_Net_Sentiment 1.422333e+00 1.982309e+00 0.717513176
c(Industry)Utilities - Independent Power Producers:Covid_Net_Sentiment 3.319414e+00 7.022029e+00 0.472714382
c(Industry)Utilities - Regulated Electric:Covid_Net_Sentiment 8.479670e-01 1.822268e+00 0.465336046
c(Industry)Utilities - Regulated Gas:Covid_Net_Sentiment 1.043379e+00 2.344847e+00 0.444966799
c(Industry)Utilities - Regulated Water:Covid_Net_Sentiment 1.709661e+00 3.259025e+00 0.524592941
c(Industry)Utilities - Renewable:Covid_Net_Sentiment 4.718024e-01 4.132892e+00 0.114157923
c(Industry)Waste Management:Covid_Net_Sentiment -9.952867e-01 2.676654e+00 -0.371839838
PercentChange_NegCOVIDSentiment_SharePrices_HierchicalIndustryCompany <- glmer(
"Percent_Change_bt_DayBefore_y_DayAfter ~ -1 + Day_of_EarningsCall + c(Industry) + Covid_Neg_Sentiment:c(Industry) + (1 | company_name)",
data=Closing_Share_Price_Across_Time,
family=gaussian) Warning: calling glmer() with family=gaussian (identity link) as a shortcut to lmer() is deprecated; please call lmer() directlyWarning: Some predictor variables are on very different scales: consider rescalingsummary(PercentChange_NegCOVIDSentiment_SharePrices_HierchicalIndustryCompany)$coefficients Estimate Std. Error t value
Day_of_EarningsCall -9.125566e-04 3.532578e-04 -2.583259181
c(Industry)Advertising Agencies 1.581991e+01 6.823696e+00 2.318378507
c(Industry)Aerospace & Defense 1.643351e+01 6.714109e+00 2.447607944
c(Industry)Agricultural Inputs 1.947434e+01 7.112361e+00 2.738097920
c(Industry)Airlines 1.793121e+01 6.850120e+00 2.617649428
c(Industry)Airports & Air Services 1.291724e+01 9.997372e+00 1.292063778
c(Industry)Aluminum 1.491566e+01 7.763897e+00 1.921156478
c(Industry)Apparel Manufacturing 1.862356e+01 6.785800e+00 2.744489719
c(Industry)Apparel Retail 1.739447e+01 6.744399e+00 2.579098390
c(Industry)Asset Management 1.903779e+01 6.653966e+00 2.861119218
c(Industry)Auto & Truck Dealerships 1.781741e+01 6.820732e+00 2.612243160
c(Industry)Auto Manufacturers 1.477265e+01 7.382957e+00 2.000913160
c(Industry)Auto Parts 1.892342e+01 6.669309e+00 2.837388948
c(Industry)Banks - Diversified 1.589170e+01 7.408433e+00 2.145082413
c(Industry)Banks - Regional 1.849426e+01 6.632570e+00 2.788400812
c(Industry)Beverages - Brewers 1.960939e+01 7.688561e+00 2.550462724
c(Industry)Beverages - Non-Alcoholic 1.528032e+01 6.996790e+00 2.183904930
c(Industry)Beverages - Wineries & Distilleries 1.599694e+01 8.915132e+00 1.794358463
c(Industry)Biotechnology 1.730096e+01 6.607281e+00 2.618468553
c(Industry)Broadcasting 2.205686e+01 6.831307e+00 3.228790177
c(Industry)Building Materials 1.875138e+01 7.317862e+00 2.562412206
c(Industry)Building Products & Equipment 1.716321e+01 6.723575e+00 2.552691550
c(Industry)Business Equipment & Supplies 1.183315e+01 8.604327e+00 1.375255783
c(Industry)Capital Markets 1.840211e+01 6.864348e+00 2.680824217
c(Industry)Chemicals 1.971288e+01 6.867359e+00 2.870517956
c(Industry)Coking Coal 2.015863e+01 7.233789e+00 2.786731491
c(Industry)Communication Equipment 1.660323e+01 6.691741e+00 2.481151981
c(Industry)Computer Hardware 1.740227e+01 6.773493e+00 2.569171696
c(Industry)Confectioners 1.698302e+01 8.450469e+00 2.009713640
c(Industry)Conglomerates 1.611918e+01 6.848411e+00 2.353710316
c(Industry)Consulting Services 1.989314e+01 6.921811e+00 2.873978569
c(Industry)Consumer Electronics 1.790023e+01 7.208310e+00 2.483277408
c(Industry)Copper 1.585411e+01 8.351596e+00 1.898332436
c(Industry)Credit Services 2.095593e+01 6.771731e+00 3.094619172
c(Industry)Department Stores 1.799901e+01 7.283511e+00 2.471199668
c(Industry)Diagnostics & Research 1.694168e+01 6.696644e+00 2.529875326
c(Industry)Discount Stores 2.121945e+01 6.866065e+00 3.090482429
c(Industry)Drug Manufacturers - General 1.643296e+01 6.906701e+00 2.379277190
c(Industry)Drug Manufacturers - Specialty & Generic 1.596697e+01 6.704614e+00 2.381490144
c(Industry)Education & Training Services 1.850040e+01 6.846854e+00 2.702029572
c(Industry)Electrical Equipment & Parts 1.535088e+01 6.789610e+00 2.260936662
c(Industry)Electronic Components 1.857472e+01 6.731516e+00 2.759365661
c(Industry)Electronic Gaming & Multimedia 2.475561e+01 8.300785e+00 2.982321605
c(Industry)Electronics & Computer Distribution 2.015374e+01 7.073556e+00 2.849166271
c(Industry)Engineering & Construction 1.726496e+01 6.738135e+00 2.562275163
c(Industry)Entertainment 1.750388e+01 6.748611e+00 2.593701110
c(Industry)Farm & Heavy Construction Machinery 1.746558e+01 6.772360e+00 2.578950788
c(Industry)Farm Products 1.330584e+01 6.933063e+00 1.919186501
c(Industry)Financial Conglomerates 1.983691e+01 8.103775e+00 2.447860976
c(Industry)Financial Data & Stock Exchanges 1.557975e+01 6.907748e+00 2.255401402
c(Industry)Food Distribution 1.572314e+01 7.014472e+00 2.241528670
c(Industry)Footwear & Accessories 1.411002e+01 6.891067e+00 2.047582071
c(Industry)Furnishings, Fixtures & Appliances 1.533445e+01 6.816689e+00 2.249544933
c(Industry)Gambling 2.139822e+01 7.039453e+00 3.039756454
c(Industry)Gold 1.954244e+01 7.273979e+00 2.686622891
c(Industry)Grocery Stores 1.321273e+01 7.173007e+00 1.842007695
c(Industry)Health Information Services 1.490812e+01 6.749486e+00 2.208778151
c(Industry)Healthcare Plans 1.718606e+01 7.105216e+00 2.418795390
c(Industry)Home Improvement Retail 1.846419e+01 7.044031e+00 2.621253946
c(Industry)Household & Personal Products 1.843306e+01 6.778236e+00 2.719448614
c(Industry)Industrial Distribution 1.691845e+01 6.811929e+00 2.483650272
c(Industry)Information Technology Services 1.851004e+01 6.716066e+00 2.756083901
c(Industry)Infrastructure Operations 1.804143e+01 1.179459e+01 1.529636102
c(Industry)Insurance - Diversified 2.087750e+01 7.364349e+00 2.834941828
c(Industry)Insurance - Life 1.691354e+01 6.950152e+00 2.433548945
c(Industry)Insurance - Property & Casualty 1.779553e+01 6.725477e+00 2.645988407
c(Industry)Insurance - Reinsurance 3.852519e+00 1.508318e+01 0.255418268
c(Industry)Insurance - Specialty 1.669864e+01 6.901259e+00 2.419650764
c(Industry)Insurance Brokers 1.161694e+01 6.967680e+00 1.667260487
c(Industry)Integrated Freight & Logistics 1.941137e+01 6.828363e+00 2.842756144
c(Industry)Internet Content & Information 1.913574e+01 6.803530e+00 2.812618790
c(Industry)Internet Retail 1.707890e+01 6.853243e+00 2.492089782
c(Industry)Leisure 1.861662e+01 6.873282e+00 2.708548444
c(Industry)Lodging 1.591779e+01 7.069127e+00 2.251734112
c(Industry)Lumber & Wood Production 2.085461e+01 7.697852e+00 2.709146232
c(Industry)Luxury Goods 1.924226e+01 7.512218e+00 2.561461654
c(Industry)Marine Shipping 1.702004e+01 7.381955e+00 2.305627028
c(Industry)Medical Care Facilities 1.764509e+01 6.731021e+00 2.621458439
c(Industry)Medical Devices 1.704029e+01 6.648654e+00 2.562967786
c(Industry)Medical Distribution 1.611911e+01 6.969814e+00 2.312703267
c(Industry)Medical Instruments & Supplies 1.763533e+01 6.713029e+00 2.627030747
c(Industry)Metal Fabrication 1.642300e+01 6.920523e+00 2.373085900
c(Industry)Mortgage Finance 1.786403e+01 7.083547e+00 2.521904492
c(Industry)Oil & Gas Drilling 1.811816e+01 8.473194e+00 2.138291712
c(Industry)Oil & Gas E&P 1.855967e+01 6.745087e+00 2.751583748
c(Industry)Oil & Gas Equipment & Services 1.643645e+01 6.676429e+00 2.461862132
c(Industry)Oil & Gas Integrated 1.800329e+01 7.478294e+00 2.407406274
c(Industry)Oil & Gas Midstream 1.733924e+01 6.781248e+00 2.556939950
c(Industry)Oil & Gas Refining & Marketing 1.794876e+01 6.857787e+00 2.617281715
c(Industry)Other Industrial Metals & Mining 1.243868e+01 8.306194e+00 1.497518662
c(Industry)Other Precious Metals & Mining 2.244570e+01 8.768843e+00 2.559710142
c(Industry)Packaged Foods 1.773565e+01 6.696416e+00 2.648528882
c(Industry)Packaging & Containers 1.824491e+01 6.788106e+00 2.687775872
c(Industry)Paper & Paper Products 8.894955e+00 1.410755e+01 0.630510311
c(Industry)Personal Services 1.623107e+01 6.986694e+00 2.323139791
c(Industry)Pharmaceutical Retailers 1.333488e+01 7.933769e+00 1.680774894
c(Industry)Pollution & Treatment Controls 1.824803e+01 7.225041e+00 2.525664392
c(Industry)Publishing 1.839758e+01 7.124532e+00 2.582286118
c(Industry)Railroads 1.881573e+01 6.989756e+00 2.691900325
c(Industry)Real Estate - Development 1.911294e+01 8.089191e+00 2.362775790
c(Industry)Real Estate - Diversified 1.644478e+01 9.807927e+00 1.676682714
c(Industry)Real Estate Services 1.906833e+01 6.799893e+00 2.804210003
c(Industry)Recreational Vehicles 1.511916e+01 6.959750e+00 2.172371372
c(Industry)REIT - Diversified 1.626432e+01 6.926068e+00 2.348276333
c(Industry)REIT - Healthcare Facilities 1.649004e+01 6.973026e+00 2.364832812
c(Industry)REIT - Hotel & Motel 1.850899e+01 6.791982e+00 2.725124017
c(Industry)REIT - Industrial 1.622019e+01 6.888764e+00 2.354585854
c(Industry)REIT - Mortgage 1.706531e+01 6.694636e+00 2.549102780
c(Industry)REIT - Office 1.765562e+01 6.844426e+00 2.579562275
c(Industry)REIT - Residential 1.735160e+01 6.860951e+00 2.529036668
c(Industry)REIT - Retail 1.806404e+01 6.807634e+00 2.653496791
c(Industry)REIT - Specialty 1.728656e+01 6.817435e+00 2.535639534
c(Industry)Rental & Leasing Services 1.747225e+01 6.848569e+00 2.551227094
c(Industry)Residential Construction 1.870448e+01 6.783041e+00 2.757536482
c(Industry)Resorts & Casinos 1.780847e+01 6.824308e+00 2.609563522
c(Industry)Restaurants 1.955912e+01 6.718470e+00 2.911246007
c(Industry)Scientific & Technical Instruments 1.648038e+01 6.774914e+00 2.432558523
c(Industry)Security & Protection Services 1.309123e+01 6.947437e+00 1.884325344
c(Industry)Semiconductor Equipment & Materials 1.685799e+01 6.723666e+00 2.507261565
c(Industry)Semiconductors 2.119169e+01 6.692490e+00 3.166487911
c(Industry)Software - Application 1.619738e+01 6.638994e+00 2.439734580
c(Industry)Software - Infrastructure 1.746932e+01 6.667487e+00 2.620075139
c(Industry)Solar 1.555348e+01 7.412725e+00 2.098213213
c(Industry)Specialty Business Services 1.662499e+01 6.794792e+00 2.446725581
c(Industry)Specialty Chemicals 1.673048e+01 6.703797e+00 2.495671785
c(Industry)Specialty Industrial Machinery 1.718071e+01 6.672844e+00 2.574721448
c(Industry)Specialty Retail 1.882216e+01 6.708322e+00 2.805792750
c(Industry)Staffing & Employment Services 1.987398e+01 6.832302e+00 2.908826213
c(Industry)Steel 1.908320e+01 6.950401e+00 2.745625753
c(Industry)Telecom Services 1.770717e+01 6.774221e+00 2.613905492
c(Industry)Textile Manufacturing 1.587100e+01 7.141591e+00 2.222333880
c(Industry)Thermal Coal 1.780263e+01 7.081852e+00 2.513837869
c(Industry)Tobacco 1.902802e+01 7.031681e+00 2.706041703
c(Industry)Tools & Accessories 1.585688e+01 6.873676e+00 2.306898915
c(Industry)Travel Services 1.815517e+01 6.919585e+00 2.623737462
c(Industry)Trucking 2.076084e+01 7.164421e+00 2.897769542
c(Industry)Uranium 6.825870e+00 9.297073e+00 0.734195533
c(Industry)Utilities - Diversified 1.807569e+01 7.138843e+00 2.532019575
c(Industry)Utilities - Independent Power Producers 2.078844e+01 8.616578e+00 2.412610078
c(Industry)Utilities - Regulated Electric 1.706224e+01 6.737087e+00 2.532584242
c(Industry)Utilities - Regulated Gas 1.867529e+01 6.985937e+00 2.673269431
c(Industry)Utilities - Regulated Water 1.853794e+01 7.281199e+00 2.546001106
c(Industry)Utilities - Renewable 1.989084e+01 8.592535e+00 2.314897562
c(Industry)Waste Management 1.691186e+01 6.983836e+00 2.421571811
c(Industry)Advertising Agencies:Covid_Neg_Sentiment 7.537700e-01 2.268365e+00 0.332296595
c(Industry)Aerospace & Defense:Covid_Neg_Sentiment 1.081201e-01 1.448569e+00 0.074639258
c(Industry)Agricultural Inputs:Covid_Neg_Sentiment -4.433597e+00 5.097316e+00 -0.869790402
c(Industry)Airlines:Covid_Neg_Sentiment -4.710300e+00 4.217007e+00 -1.116976869
c(Industry)Airports & Air Services:Covid_Neg_Sentiment -1.462632e+00 7.601850e+00 -0.192404787
c(Industry)Aluminum:Covid_Neg_Sentiment -4.213248e-01 3.780781e+00 -0.111438549
c(Industry)Apparel Manufacturing:Covid_Neg_Sentiment -2.004767e+00 1.568823e+00 -1.277879092
c(Industry)Apparel Retail:Covid_Neg_Sentiment 3.952704e+00 1.969132e+00 2.007332888
c(Industry)Asset Management:Covid_Neg_Sentiment -1.182657e+00 1.156672e+00 -1.022464694
c(Industry)Auto & Truck Dealerships:Covid_Neg_Sentiment 3.121857e+00 2.551884e+00 1.223353824
c(Industry)Auto Manufacturers:Covid_Neg_Sentiment 2.641805e+00 8.275802e+00 0.319220373
c(Industry)Auto Parts:Covid_Neg_Sentiment -3.838040e-01 7.319240e-01 -0.524376833
c(Industry)Banks - Diversified:Covid_Neg_Sentiment -4.755204e+00 1.050390e+01 -0.452708410
c(Industry)Banks - Regional:Covid_Neg_Sentiment -5.874371e-01 1.034332e+00 -0.567938564
c(Industry)Beverages - Brewers:Covid_Neg_Sentiment -3.945834e+00 5.145012e+00 -0.766924093
c(Industry)Beverages - Non-Alcoholic:Covid_Neg_Sentiment -7.619962e-01 2.239198e+00 -0.340298800
c(Industry)Beverages - Wineries & Distilleries:Covid_Neg_Sentiment -6.857085e+00 1.182518e+01 -0.579871298
c(Industry)Biotechnology:Covid_Neg_Sentiment -1.405401e+00 6.293385e-01 -2.233139816
c(Industry)Broadcasting:Covid_Neg_Sentiment -5.626104e+00 2.230966e+00 -2.521824217
c(Industry)Building Materials:Covid_Neg_Sentiment -2.826774e+00 6.073858e+00 -0.465400081
c(Industry)Building Products & Equipment:Covid_Neg_Sentiment 1.619084e+00 1.909685e+00 0.847827819
c(Industry)Business Equipment & Supplies:Covid_Neg_Sentiment 2.350370e+00 7.781753e+00 0.302036009
c(Industry)Capital Markets:Covid_Neg_Sentiment -4.538883e+00 4.344275e+00 -1.044796449
c(Industry)Chemicals:Covid_Neg_Sentiment -2.003859e+00 1.495789e+00 -1.339666405
c(Industry)Coking Coal:Covid_Neg_Sentiment -4.893606e+00 4.214035e+00 -1.161263855
c(Industry)Communication Equipment:Covid_Neg_Sentiment -2.050410e-01 1.347135e+00 -0.152205249
c(Industry)Computer Hardware:Covid_Neg_Sentiment 2.019621e+00 1.680483e+00 1.201809839
c(Industry)Confectioners:Covid_Neg_Sentiment 1.090414e+00 5.744612e+00 0.189815090
c(Industry)Conglomerates:Covid_Neg_Sentiment 2.065519e+00 2.340276e+00 0.882596424
c(Industry)Consulting Services:Covid_Neg_Sentiment -3.101361e+00 2.587062e+00 -1.198796416
c(Industry)Consumer Electronics:Covid_Neg_Sentiment -4.993997e+00 4.141532e+00 -1.205833415
c(Industry)Copper:Covid_Neg_Sentiment 8.807048e-01 8.330908e+00 0.105715339
c(Industry)Credit Services:Covid_Neg_Sentiment 3.816238e-01 2.053568e+00 0.185834524
c(Industry)Department Stores:Covid_Neg_Sentiment -9.111772e+00 6.746381e+00 -1.350616221
c(Industry)Diagnostics & Research:Covid_Neg_Sentiment 2.624229e-02 1.014743e+00 0.025861011
c(Industry)Discount Stores:Covid_Neg_Sentiment -2.202001e+01 4.217391e+00 -5.221240711
c(Industry)Drug Manufacturers - General:Covid_Neg_Sentiment 3.397052e-01 1.717106e+00 0.197835919
c(Industry)Drug Manufacturers - Specialty & Generic:Covid_Neg_Sentiment 1.483133e-01 9.639455e-01 0.153860644
c(Industry)Education & Training Services:Covid_Neg_Sentiment 1.804656e-01 2.236415e+00 0.080694134
c(Industry)Electrical Equipment & Parts:Covid_Neg_Sentiment -1.395674e+00 1.748179e+00 -0.798358548
c(Industry)Electronic Components:Covid_Neg_Sentiment -7.958339e-01 1.100720e+00 -0.723011949
c(Industry)Electronic Gaming & Multimedia:Covid_Neg_Sentiment -1.487273e+01 2.445770e+01 -0.608100159
c(Industry)Electronics & Computer Distribution:Covid_Neg_Sentiment -2.429280e+00 3.107036e+00 -0.781864360
c(Industry)Engineering & Construction:Covid_Neg_Sentiment 6.531464e-01 1.489058e+00 0.438630512
c(Industry)Entertainment:Covid_Neg_Sentiment 3.308875e-01 1.112673e+00 0.297380620
c(Industry)Farm & Heavy Construction Machinery:Covid_Neg_Sentiment 1.673038e-02 1.649910e+00 0.010140175
c(Industry)Farm Products:Covid_Neg_Sentiment 2.031004e+00 2.462976e+00 0.824613754
c(Industry)Financial Conglomerates:Covid_Neg_Sentiment -2.055310e+00 6.581939e+00 -0.312265036
c(Industry)Financial Data & Stock Exchanges:Covid_Neg_Sentiment 3.023181e+00 4.961057e+00 0.609382323
c(Industry)Food Distribution:Covid_Neg_Sentiment 1.964759e+00 3.802682e+00 0.516677178
c(Industry)Footwear & Accessories:Covid_Neg_Sentiment 5.952979e+00 2.798204e+00 2.127428634
c(Industry)Furnishings, Fixtures & Appliances:Covid_Neg_Sentiment 2.186055e+00 1.690855e+00 1.292870006
c(Industry)Gambling:Covid_Neg_Sentiment -3.534370e+00 4.779060e+00 -0.739553301
c(Industry)Gold:Covid_Neg_Sentiment -4.909190e+00 5.516655e+00 -0.889885134
c(Industry)Grocery Stores:Covid_Neg_Sentiment 1.418925e+01 5.271235e+00 2.691825991
c(Industry)Health Information Services:Covid_Neg_Sentiment 1.536520e+00 1.697142e+00 0.905357221
c(Industry)Healthcare Plans:Covid_Neg_Sentiment -3.601212e-01 2.847804e+00 -0.126455730
c(Industry)Home Improvement Retail:Covid_Neg_Sentiment -1.991008e+00 2.510390e+00 -0.793106777
c(Industry)Household & Personal Products:Covid_Neg_Sentiment 1.081211e-01 1.913306e+00 0.056510121
c(Industry)Industrial Distribution:Covid_Neg_Sentiment 3.946124e+00 2.132064e+00 1.850846609
c(Industry)Information Technology Services:Covid_Neg_Sentiment 6.636625e-01 1.617006e+00 0.410426787
c(Industry)Infrastructure Operations:Covid_Neg_Sentiment 2.164067e-01 1.000264e+01 0.021634966
c(Industry)Insurance - Diversified:Covid_Neg_Sentiment -2.538516e+00 2.902979e+00 -0.874452061
c(Industry)Insurance - Life:Covid_Neg_Sentiment -3.420084e-01 1.340297e+00 -0.255173603
c(Industry)Insurance - Property & Casualty:Covid_Neg_Sentiment -5.193466e-01 8.230004e-01 -0.631040541
c(Industry)Insurance - Reinsurance:Covid_Neg_Sentiment 4.720957e+00 4.032274e+00 1.170792721
c(Industry)Insurance - Specialty:Covid_Neg_Sentiment -1.806289e+00 1.495084e+00 -1.208151817
c(Industry)Insurance Brokers:Covid_Neg_Sentiment 2.613708e+00 2.303617e+00 1.134610862
c(Industry)Integrated Freight & Logistics:Covid_Neg_Sentiment -6.036541e+00 2.788913e+00 -2.164478176
c(Industry)Internet Content & Information:Covid_Neg_Sentiment 2.819344e+00 2.799508e+00 1.007085586
c(Industry)Internet Retail:Covid_Neg_Sentiment 2.100083e+00 2.173654e+00 0.966153264
c(Industry)Leisure:Covid_Neg_Sentiment -7.858691e-01 2.695943e+00 -0.291500573
c(Industry)Lodging:Covid_Neg_Sentiment 7.340518e+00 4.106654e+00 1.787469484
c(Industry)Lumber & Wood Production:Covid_Neg_Sentiment -4.325816e+00 6.069898e+00 -0.712667063
c(Industry)Luxury Goods:Covid_Neg_Sentiment -1.048368e+01 6.406558e+00 -1.636398278
c(Industry)Marine Shipping:Covid_Neg_Sentiment 8.992648e-01 2.965463e+00 0.303245996
c(Industry)Medical Care Facilities:Covid_Neg_Sentiment 1.192409e-01 9.455845e-01 0.126102895
c(Industry)Medical Devices:Covid_Neg_Sentiment -9.759346e-01 6.137219e-01 -1.590190329
c(Industry)Medical Distribution:Covid_Neg_Sentiment 3.096189e-01 2.756344e+00 0.112329566
c(Industry)Medical Instruments & Supplies:Covid_Neg_Sentiment -8.431923e-01 1.060904e+00 -0.794786427
c(Industry)Metal Fabrication:Covid_Neg_Sentiment -7.412691e-01 1.905868e+00 -0.388940322
c(Industry)Mortgage Finance:Covid_Neg_Sentiment 9.716663e-02 2.427294e+00 0.040030848
c(Industry)Oil & Gas Drilling:Covid_Neg_Sentiment -2.618238e-01 4.791660e+00 -0.054641563
c(Industry)Oil & Gas E&P:Covid_Neg_Sentiment -1.719068e+00 2.676224e+00 -0.642348398
c(Industry)Oil & Gas Equipment & Services:Covid_Neg_Sentiment -3.818971e-02 1.123217e+00 -0.034000312
c(Industry)Oil & Gas Integrated:Covid_Neg_Sentiment -4.327396e+00 7.096560e+00 -0.609787875
c(Industry)Oil & Gas Midstream:Covid_Neg_Sentiment 4.319112e-02 2.390912e+00 0.018064709
c(Industry)Oil & Gas Refining & Marketing:Covid_Neg_Sentiment 5.982261e-01 2.463936e+00 0.242792814
c(Industry)Other Industrial Metals & Mining:Covid_Neg_Sentiment 6.582301e+00 6.771892e+00 0.972003246
c(Industry)Other Precious Metals & Mining:Covid_Neg_Sentiment -5.300888e+00 1.243381e+01 -0.426328695
c(Industry)Packaged Foods:Covid_Neg_Sentiment -2.235111e+00 1.369183e+00 -1.632441924
c(Industry)Packaging & Containers:Covid_Neg_Sentiment -1.333246e+00 2.843665e+00 -0.468847630
c(Industry)Paper & Paper Products:Covid_Neg_Sentiment -3.749152e-01 1.977081e+01 -0.018963067
c(Industry)Personal Services:Covid_Neg_Sentiment 2.340041e+00 2.545446e+00 0.919304970
c(Industry)Pharmaceutical Retailers:Covid_Neg_Sentiment 2.241617e+00 3.390877e+00 0.661073059
c(Industry)Pollution & Treatment Controls:Covid_Neg_Sentiment -5.731503e-01 3.791794e+00 -0.151155432
c(Industry)Publishing:Covid_Neg_Sentiment -8.451337e-01 1.742560e+00 -0.484995406
c(Industry)Railroads:Covid_Neg_Sentiment -2.422800e+00 3.950388e+00 -0.613306864
c(Industry)Real Estate - Development:Covid_Neg_Sentiment 1.701270e+00 6.850190e+00 0.248353750
c(Industry)Real Estate - Diversified:Covid_Neg_Sentiment 2.046798e+00 1.082267e+01 0.189121368
c(Industry)Real Estate Services:Covid_Neg_Sentiment 2.679592e-01 2.473118e+00 0.108348747
c(Industry)Recreational Vehicles:Covid_Neg_Sentiment 4.266602e+00 2.974182e+00 1.434546439
c(Industry)REIT - Diversified:Covid_Neg_Sentiment -1.955676e-01 4.082608e+00 -0.047902606
c(Industry)REIT - Healthcare Facilities:Covid_Neg_Sentiment 2.013233e+00 2.784973e+00 0.722891382
c(Industry)REIT - Hotel & Motel:Covid_Neg_Sentiment -5.415537e+00 3.340751e+00 -1.621053746
c(Industry)REIT - Industrial:Covid_Neg_Sentiment 2.433877e+00 4.322019e+00 0.563134327
c(Industry)REIT - Mortgage:Covid_Neg_Sentiment -2.487849e-02 1.388002e+00 -0.017923960
c(Industry)REIT - Office:Covid_Neg_Sentiment -2.255378e+00 2.872369e+00 -0.785197710
c(Industry)REIT - Residential:Covid_Neg_Sentiment 1.973756e+00 3.907431e+00 0.505128706
c(Industry)REIT - Retail:Covid_Neg_Sentiment 4.089989e-01 2.534659e+00 0.161362518
c(Industry)REIT - Specialty:Covid_Neg_Sentiment -2.574563e-02 2.709516e+00 -0.009501927
c(Industry)Rental & Leasing Services:Covid_Neg_Sentiment -1.317367e+00 2.310248e+00 -0.570227606
c(Industry)Residential Construction:Covid_Neg_Sentiment 1.338313e+00 1.445022e+00 0.926154308
c(Industry)Resorts & Casinos:Covid_Neg_Sentiment 1.030281e+00 2.844202e+00 0.362239148
c(Industry)Restaurants:Covid_Neg_Sentiment -1.112118e+00 1.851557e+00 -0.600639568
c(Industry)Scientific & Technical Instruments:Covid_Neg_Sentiment 2.604214e-01 1.875999e+00 0.138817432
c(Industry)Security & Protection Services:Covid_Neg_Sentiment 2.519818e+00 2.191147e+00 1.149999805
c(Industry)Semiconductor Equipment & Materials:Covid_Neg_Sentiment 1.860780e+00 2.263721e+00 0.822000658
c(Industry)Semiconductors:Covid_Neg_Sentiment -4.109385e+00 1.755099e+00 -2.341398349
c(Industry)Software - Application:Covid_Neg_Sentiment 7.575280e-01 9.358366e-01 0.809466094
c(Industry)Software - Infrastructure:Covid_Neg_Sentiment -1.238162e+00 1.389300e+00 -0.891213211
c(Industry)Solar:Covid_Neg_Sentiment 1.703902e+01 9.732546e+00 1.750726454
c(Industry)Specialty Business Services:Covid_Neg_Sentiment -1.894637e+00 1.831297e+00 -1.034587592
c(Industry)Specialty Chemicals:Covid_Neg_Sentiment -3.796260e-01 1.250613e+00 -0.303551923
c(Industry)Specialty Industrial Machinery:Covid_Neg_Sentiment 7.078350e-01 1.132810e+00 0.624848623
c(Industry)Specialty Retail:Covid_Neg_Sentiment -9.094907e-01 1.510723e+00 -0.602023248
c(Industry)Staffing & Employment Services:Covid_Neg_Sentiment -1.135484e+00 1.738222e+00 -0.653244286
c(Industry)Steel:Covid_Neg_Sentiment -8.281974e-01 3.114729e+00 -0.265897077
c(Industry)Telecom Services:Covid_Neg_Sentiment -1.726158e+00 2.150719e+00 -0.802595548
c(Industry)Textile Manufacturing:Covid_Neg_Sentiment -3.110791e+00 1.990937e+00 -1.562476312
c(Industry)Thermal Coal:Covid_Neg_Sentiment -6.388949e-01 2.150006e+00 -0.297159638
c(Industry)Tobacco:Covid_Neg_Sentiment 1.321248e+00 2.103394e+00 0.628150499
c(Industry)Tools & Accessories:Covid_Neg_Sentiment 1.351474e+00 2.251084e+00 0.600365910
c(Industry)Travel Services:Covid_Neg_Sentiment -2.155414e+00 4.328675e+00 -0.497938568
c(Industry)Trucking:Covid_Neg_Sentiment -9.170574e+00 7.019977e+00 -1.306353955
c(Industry)Uranium:Covid_Neg_Sentiment 4.618726e+00 8.886136e+00 0.519767614
c(Industry)Utilities - Diversified:Covid_Neg_Sentiment -1.457708e+00 1.659822e+00 -0.878231627
c(Industry)Utilities - Independent Power Producers:Covid_Neg_Sentiment -4.076557e+00 5.325085e+00 -0.765538280
c(Industry)Utilities - Regulated Electric:Covid_Neg_Sentiment 4.618102e-01 1.669216e+00 0.276662951
c(Industry)Utilities - Regulated Gas:Covid_Neg_Sentiment -9.069683e-01 2.651529e+00 -0.342054768
c(Industry)Utilities - Regulated Water:Covid_Neg_Sentiment -8.760456e-01 3.074388e+00 -0.284949621
c(Industry)Utilities - Renewable:Covid_Neg_Sentiment -1.938818e+00 3.763287e+00 -0.515192622
c(Industry)Waste Management:Covid_Neg_Sentiment 3.915813e-01 3.367934e+00 0.116267495
PercentChange_PosCOVIDSentiment_SharePrices_HierchicalIndustryCompany <- glmer(
"Percent_Change_bt_DayBefore_y_DayAfter ~ -1 + Day_of_EarningsCall + c(Industry) + Covid_Pos_Sentiment:c(Industry) + (1 | company_name)",
data=Closing_Share_Price_Across_Time,
family=gaussian) Warning: calling glmer() with family=gaussian (identity link) as a shortcut to lmer() is deprecated; please call lmer() directlyWarning: Some predictor variables are on very different scales: consider rescalingsummary(PercentChange_PosCOVIDSentiment_SharePrices_HierchicalIndustryCompany)$coefficients Estimate Std. Error t value
Day_of_EarningsCall -6.480763e-04 3.494135e-04 -1.854754750
c(Industry)Advertising Agencies 1.042837e+01 6.684022e+00 1.560193183
c(Industry)Aerospace & Defense 1.092200e+01 6.606668e+00 1.653177806
c(Industry)Agricultural Inputs 1.313563e+01 6.858568e+00 1.915214697
c(Industry)Airlines 1.146142e+01 6.731902e+00 1.702552786
c(Industry)Airports & Air Services 4.956363e+00 1.053082e+01 0.470653250
c(Industry)Aluminum 9.087208e+00 7.583933e+00 1.198218368
c(Industry)Apparel Manufacturing 1.381028e+01 6.667850e+00 2.071174092
c(Industry)Apparel Retail 1.385801e+01 6.627493e+00 2.090988551
c(Industry)Asset Management 1.279489e+01 6.547277e+00 1.954230103
c(Industry)Auto & Truck Dealerships 1.527009e+01 6.701012e+00 2.278773805
c(Industry)Auto Manufacturers 1.042803e+01 6.999037e+00 1.489922971
c(Industry)Auto Parts 1.371053e+01 6.597338e+00 2.078191586
c(Industry)Banks - Diversified 1.050470e+01 7.006221e+00 1.499339520
c(Industry)Banks - Regional 1.340495e+01 6.531709e+00 2.052288131
c(Industry)Beverages - Brewers 1.087269e+01 7.409684e+00 1.467361764
c(Industry)Beverages - Non-Alcoholic 1.038447e+01 6.851898e+00 1.515561303
c(Industry)Beverages - Wineries & Distilleries 1.194103e+01 9.960011e+00 1.198896867
c(Industry)Biotechnology 1.218259e+01 6.526247e+00 1.866706872
c(Industry)Broadcasting 1.512057e+01 6.760320e+00 2.236664724
c(Industry)Building Materials 1.387408e+01 6.993773e+00 1.983776720
c(Industry)Building Products & Equipment 1.195061e+01 6.637038e+00 1.800594380
c(Industry)Business Equipment & Supplies 3.305891e+00 8.202326e+00 0.403043079
c(Industry)Capital Markets 1.227311e+01 6.728495e+00 1.824049511
c(Industry)Chemicals 1.278820e+01 6.873888e+00 1.860402455
c(Industry)Coking Coal 1.460594e+01 7.306438e+00 1.999051125
c(Industry)Communication Equipment 1.095124e+01 6.617845e+00 1.654804968
c(Industry)Computer Hardware 1.342417e+01 6.699288e+00 2.003820200
c(Industry)Confectioners 1.057309e+01 8.546352e+00 1.237146513
c(Industry)Conglomerates 1.155025e+01 6.702013e+00 1.723400295
c(Industry)Consulting Services 1.495768e+01 6.869513e+00 2.177400527
c(Industry)Consumer Electronics 6.094175e+00 6.986258e+00 0.872308949
c(Industry)Copper 1.128269e+01 8.142774e+00 1.385607205
c(Industry)Credit Services 1.556837e+01 6.649978e+00 2.341116288
c(Industry)Department Stores 1.583395e+01 7.282554e+00 2.174230591
c(Industry)Diagnostics & Research 1.175726e+01 6.618952e+00 1.776302780
c(Industry)Discount Stores 1.104886e+01 6.878484e+00 1.606292255
c(Industry)Drug Manufacturers - General 1.210109e+01 6.938221e+00 1.744119873
c(Industry)Drug Manufacturers - Specialty & Generic 1.141583e+01 6.612153e+00 1.726492408
c(Industry)Education & Training Services 1.329819e+01 6.807809e+00 1.953373532
c(Industry)Electrical Equipment & Parts 9.285180e+00 6.677842e+00 1.390446266
c(Industry)Electronic Components 1.351028e+01 6.614411e+00 2.042551770
c(Industry)Electronic Gaming & Multimedia 1.756334e+01 8.798218e+00 1.996238718
c(Industry)Electronics & Computer Distribution 1.200159e+01 6.976736e+00 1.720230258
c(Industry)Engineering & Construction 1.314597e+01 6.641424e+00 1.979390858
c(Industry)Entertainment 1.243478e+01 6.686064e+00 1.859805135
c(Industry)Farm & Heavy Construction Machinery 1.282882e+01 6.660728e+00 1.926039202
c(Industry)Farm Products 7.788786e+00 6.903167e+00 1.128291683
c(Industry)Financial Conglomerates 1.230399e+01 7.414054e+00 1.659549521
c(Industry)Financial Data & Stock Exchanges 1.064935e+01 6.797387e+00 1.566682795
c(Industry)Food Distribution 1.091154e+01 6.920305e+00 1.576743446
c(Industry)Footwear & Accessories 1.058783e+01 6.692859e+00 1.581959529
c(Industry)Furnishings, Fixtures & Appliances 1.079110e+01 6.714789e+00 1.607064254
c(Industry)Gambling 1.410033e+01 6.863544e+00 2.054380783
c(Industry)Gold 1.209118e+01 7.185711e+00 1.682669460
c(Industry)Grocery Stores 1.424554e+01 7.139452e+00 1.995326099
c(Industry)Health Information Services 1.152095e+01 6.681887e+00 1.724205394
c(Industry)Healthcare Plans 1.048204e+01 7.024911e+00 1.492124708
c(Industry)Home Improvement Retail 1.383190e+01 7.054824e+00 1.960630513
c(Industry)Household & Personal Products 1.317325e+01 6.670946e+00 1.974719488
c(Industry)Industrial Distribution 1.422289e+01 6.695853e+00 2.124134039
c(Industry)Information Technology Services 1.262524e+01 6.630118e+00 1.904226263
c(Industry)Infrastructure Operations 1.383097e+01 1.345128e+01 1.028226464
c(Industry)Insurance - Diversified 1.461535e+01 7.303931e+00 2.001025954
c(Industry)Insurance - Life 1.202534e+01 6.742531e+00 1.783506085
c(Industry)Insurance - Property & Casualty 1.154583e+01 6.617338e+00 1.744784554
c(Industry)Insurance - Reinsurance 1.007121e+01 1.162834e+01 0.866091742
c(Industry)Insurance - Specialty 1.028037e+01 6.782535e+00 1.515712401
c(Industry)Insurance Brokers 6.420508e+00 6.844058e+00 0.938114226
c(Industry)Integrated Freight & Logistics 1.167471e+01 6.792127e+00 1.718858838
c(Industry)Internet Content & Information 1.253916e+01 6.731055e+00 1.862881892
c(Industry)Internet Retail 1.235228e+01 6.760081e+00 1.827238400
c(Industry)Leisure 1.249032e+01 6.725980e+00 1.857026489
c(Industry)Lodging 1.512383e+01 6.821678e+00 2.217024627
c(Industry)Lumber & Wood Production 1.567266e+01 7.251655e+00 2.161253380
c(Industry)Luxury Goods 1.330509e+01 7.476683e+00 1.779544531
c(Industry)Marine Shipping 1.322015e+01 7.190493e+00 1.838559295
c(Industry)Medical Care Facilities 1.101664e+01 6.654910e+00 1.655415756
c(Industry)Medical Devices 1.098659e+01 6.573027e+00 1.671466422
c(Industry)Medical Distribution 1.127293e+01 6.869785e+00 1.640944236
c(Industry)Medical Instruments & Supplies 1.208095e+01 6.612774e+00 1.826910899
c(Industry)Metal Fabrication 1.061776e+01 6.729595e+00 1.577770668
c(Industry)Mortgage Finance 1.251000e+01 6.850628e+00 1.826110513
c(Industry)Oil & Gas Drilling 1.568613e+01 8.465011e+00 1.853054933
c(Industry)Oil & Gas E&P 1.403917e+01 6.628938e+00 2.117861104
c(Industry)Oil & Gas Equipment & Services 1.158915e+01 6.600341e+00 1.755841200
c(Industry)Oil & Gas Integrated 1.077936e+01 7.718485e+00 1.396563723
c(Industry)Oil & Gas Midstream 1.258805e+01 6.657182e+00 1.890896960
c(Industry)Oil & Gas Refining & Marketing 1.239904e+01 6.716188e+00 1.846142934
c(Industry)Other Industrial Metals & Mining 9.029657e+00 7.656081e+00 1.179409859
c(Industry)Other Precious Metals & Mining 2.075261e+01 8.888298e+00 2.334823903
c(Industry)Packaged Foods 1.114310e+01 6.626291e+00 1.681649159
c(Industry)Packaging & Containers 1.332314e+01 6.677622e+00 1.995192495
c(Industry)Paper & Paper Products 7.216202e+00 8.680812e+00 0.831281987
c(Industry)Personal Services 9.909597e+00 6.882262e+00 1.439874945
c(Industry)Pharmaceutical Retailers 7.461004e+00 8.332989e+00 0.895357501
c(Industry)Pollution & Treatment Controls 1.428268e+01 7.085602e+00 2.015732086
c(Industry)Publishing 1.312842e+01 6.949835e+00 1.889026250
c(Industry)Railroads 1.350003e+01 6.811290e+00 1.982008199
c(Industry)Real Estate - Development 1.312612e+01 7.581693e+00 1.731291703
c(Industry)Real Estate - Diversified 1.035604e+01 8.546384e+00 1.211744931
c(Industry)Real Estate Services 1.383333e+01 6.738473e+00 2.052888283
c(Industry)Recreational Vehicles 9.358220e+00 6.919636e+00 1.352415152
c(Industry)REIT - Diversified 1.054793e+01 6.778275e+00 1.556137625
c(Industry)REIT - Healthcare Facilities 1.098082e+01 6.810217e+00 1.612404588
c(Industry)REIT - Hotel & Motel 1.056440e+01 6.665644e+00 1.584903423
c(Industry)REIT - Industrial 1.173934e+01 6.734318e+00 1.743210702
c(Industry)REIT - Mortgage 1.175510e+01 6.609360e+00 1.778553058
c(Industry)REIT - Office 1.131438e+01 6.705648e+00 1.687291720
c(Industry)REIT - Residential 1.205583e+01 6.723755e+00 1.793020995
c(Industry)REIT - Retail 1.376027e+01 6.689176e+00 2.057095454
c(Industry)REIT - Specialty 1.193416e+01 6.670228e+00 1.789168448
c(Industry)Rental & Leasing Services 1.237342e+01 6.719243e+00 1.841489562
c(Industry)Residential Construction 1.363540e+01 6.692857e+00 2.037305895
c(Industry)Resorts & Casinos 1.224910e+01 6.711349e+00 1.825131700
c(Industry)Restaurants 1.360270e+01 6.624868e+00 2.053279161
c(Industry)Scientific & Technical Instruments 1.163888e+01 6.659182e+00 1.747794414
c(Industry)Security & Protection Services 8.442139e+00 6.850643e+00 1.232313410
c(Industry)Semiconductor Equipment & Materials 1.140501e+01 6.628619e+00 1.720571220
c(Industry)Semiconductors 1.455960e+01 6.596778e+00 2.207076918
c(Industry)Software - Application 1.143560e+01 6.565464e+00 1.741780609
c(Industry)Software - Infrastructure 1.149430e+01 6.575361e+00 1.748087107
c(Industry)Solar 1.169142e+01 7.061762e+00 1.655594959
c(Industry)Specialty Business Services 9.680180e+00 6.692279e+00 1.446469853
c(Industry)Specialty Chemicals 1.180190e+01 6.608621e+00 1.785833597
c(Industry)Specialty Industrial Machinery 1.186090e+01 6.574032e+00 1.804204856
c(Industry)Specialty Retail 1.247561e+01 6.614975e+00 1.885964247
c(Industry)Staffing & Employment Services 1.442620e+01 6.714999e+00 2.148354237
c(Industry)Steel 1.394523e+01 6.828545e+00 2.042196970
c(Industry)Telecom Services 1.134670e+01 6.678205e+00 1.699063901
c(Industry)Textile Manufacturing 1.153636e+01 7.035232e+00 1.639798212
c(Industry)Thermal Coal 1.371080e+01 7.060577e+00 1.941880717
c(Industry)Tobacco 1.681705e+01 6.861870e+00 2.450796294
c(Industry)Tools & Accessories 1.071052e+01 6.838660e+00 1.566171822
c(Industry)Travel Services 1.239221e+01 6.935390e+00 1.786808293
c(Industry)Trucking 1.411254e+01 6.884528e+00 2.049892870
c(Industry)Uranium 2.856230e+00 8.232071e+00 0.346963662
c(Industry)Utilities - Diversified 1.224321e+01 6.951720e+00 1.761176863
c(Industry)Utilities - Independent Power Producers 1.554324e+01 8.350932e+00 1.861258034
c(Industry)Utilities - Regulated Electric 1.168518e+01 6.635099e+00 1.761116230
c(Industry)Utilities - Regulated Gas 1.289387e+01 6.797989e+00 1.896717899
c(Industry)Utilities - Regulated Water 1.224931e+01 7.069853e+00 1.732611979
c(Industry)Utilities - Renewable 1.728952e+01 8.423031e+00 2.052648766
c(Industry)Waste Management 1.245228e+01 6.798594e+00 1.831596999
c(Industry)Advertising Agencies:Covid_Pos_Sentiment 2.593916e+00 2.739333e+00 0.946915442
c(Industry)Aerospace & Defense:Covid_Pos_Sentiment 2.112406e+00 1.913189e+00 1.104128445
c(Industry)Agricultural Inputs:Covid_Pos_Sentiment -1.503986e+00 6.125138e+00 -0.245543220
c(Industry)Airlines:Covid_Pos_Sentiment 4.841080e-01 6.419105e+00 0.075416756
c(Industry)Airports & Air Services:Covid_Pos_Sentiment 4.093735e+00 1.089065e+01 0.375894572
c(Industry)Aluminum:Covid_Pos_Sentiment 2.134234e+00 9.504221e+00 0.224556411
c(Industry)Apparel Manufacturing:Covid_Pos_Sentiment -2.848886e+00 1.607903e+00 -1.771802178
c(Industry)Apparel Retail:Covid_Pos_Sentiment 1.627221e+00 2.087803e+00 0.779393898
c(Industry)Asset Management:Covid_Pos_Sentiment 2.465220e+00 1.516700e+00 1.625383684
c(Industry)Auto & Truck Dealerships:Covid_Pos_Sentiment -4.383617e+00 3.668766e+00 -1.194847950
c(Industry)Auto Manufacturers:Covid_Pos_Sentiment 1.206064e+00 7.397480e+00 0.163037139
c(Industry)Auto Parts:Covid_Pos_Sentiment -3.116035e-02 1.421291e+00 -0.021923976
c(Industry)Banks - Diversified:Covid_Pos_Sentiment -7.223964e+00 1.553160e+01 -0.465113845
c(Industry)Banks - Regional:Covid_Pos_Sentiment -4.502196e-01 1.718026e+00 -0.262056348
c(Industry)Beverages - Brewers:Covid_Pos_Sentiment 4.875488e+00 7.564512e+00 0.644521151
c(Industry)Beverages - Non-Alcoholic:Covid_Pos_Sentiment -1.069646e+00 2.456342e+00 -0.435463116
c(Industry)Beverages - Wineries & Distilleries:Covid_Pos_Sentiment -1.213054e+01 2.299020e+01 -0.527639706
c(Industry)Biotechnology:Covid_Pos_Sentiment -1.356546e+00 7.121757e-01 -1.904791522
c(Industry)Broadcasting:Covid_Pos_Sentiment -2.398404e+00 4.199956e+00 -0.571054634
c(Industry)Building Materials:Covid_Pos_Sentiment -7.451562e+00 9.088900e+00 -0.819853042
c(Industry)Building Products & Equipment:Covid_Pos_Sentiment 3.636152e+00 2.673142e+00 1.360254142
c(Industry)Business Equipment & Supplies:Covid_Pos_Sentiment 1.370228e+01 1.312383e+01 1.044076106
c(Industry)Capital Markets:Covid_Pos_Sentiment -1.652314e+00 6.459911e+00 -0.255779745
c(Industry)Chemicals:Covid_Pos_Sentiment 1.610821e+00 4.025905e+00 0.400113991
c(Industry)Coking Coal:Covid_Pos_Sentiment -8.352731e+00 1.210462e+01 -0.690044659
c(Industry)Communication Equipment:Covid_Pos_Sentiment 2.111117e+00 2.353134e+00 0.897150977
c(Industry)Computer Hardware:Covid_Pos_Sentiment 3.822151e-01 2.463012e+00 0.155181995
c(Industry)Confectioners:Covid_Pos_Sentiment 2.450511e+00 4.992889e+00 0.490800210
c(Industry)Conglomerates:Covid_Pos_Sentiment 2.283845e+00 2.787144e+00 0.819421332
c(Industry)Consulting Services:Covid_Pos_Sentiment -4.161417e+00 3.759286e+00 -1.106969958
c(Industry)Consumer Electronics:Covid_Pos_Sentiment 1.578857e+01 5.963664e+00 2.647461178
c(Industry)Copper:Covid_Pos_Sentiment 2.714857e-01 1.382374e+01 0.019639090
c(Industry)Credit Services:Covid_Pos_Sentiment 2.684291e+00 3.267328e+00 0.821555483
c(Industry)Department Stores:Covid_Pos_Sentiment -2.164731e+01 8.664242e+00 -2.498465566
c(Industry)Diagnostics & Research:Covid_Pos_Sentiment 3.486978e-01 1.008863e+00 0.345634488
c(Industry)Discount Stores:Covid_Pos_Sentiment -3.230360e+00 6.499580e+00 -0.497010564
c(Industry)Drug Manufacturers - General:Covid_Pos_Sentiment -4.142520e-01 2.058978e+00 -0.201192988
c(Industry)Drug Manufacturers - Specialty & Generic:Covid_Pos_Sentiment -4.342787e-01 9.515738e-01 -0.456379404
c(Industry)Education & Training Services:Covid_Pos_Sentiment 9.604020e-01 3.676635e+00 0.261217634
c(Industry)Electrical Equipment & Parts:Covid_Pos_Sentiment 5.940053e-01 2.389864e+00 0.248551938
c(Industry)Electronic Components:Covid_Pos_Sentiment -1.336438e+00 1.741702e+00 -0.767317610
c(Industry)Electronic Gaming & Multimedia:Covid_Pos_Sentiment -2.551066e-01 2.684263e+01 -0.009503785
c(Industry)Electronics & Computer Distribution:Covid_Pos_Sentiment 6.782632e+00 5.689725e+00 1.192084246
c(Industry)Engineering & Construction:Covid_Pos_Sentiment -1.218030e+00 2.108655e+00 -0.577633393
c(Industry)Entertainment:Covid_Pos_Sentiment 8.957934e-01 2.401584e+00 0.373001042
c(Industry)Farm & Heavy Construction Machinery:Covid_Pos_Sentiment -8.495478e-01 2.559615e+00 -0.331904580
c(Industry)Farm Products:Covid_Pos_Sentiment 4.296956e+00 3.939204e+00 1.090818524
c(Industry)Financial Conglomerates:Covid_Pos_Sentiment 3.927945e+00 5.587354e+00 0.703006286
c(Industry)Financial Data & Stock Exchanges:Covid_Pos_Sentiment 5.403822e+00 7.658413e+00 0.705605966
c(Industry)Food Distribution:Covid_Pos_Sentiment 1.877787e+00 4.348953e+00 0.431779028
c(Industry)Footwear & Accessories:Covid_Pos_Sentiment 6.281802e+00 2.957190e+00 2.124246975
c(Industry)Furnishings, Fixtures & Appliances:Covid_Pos_Sentiment 2.915760e+00 2.655906e+00 1.097840052
c(Industry)Gambling:Covid_Pos_Sentiment 3.417196e+00 4.015217e+00 0.851061389
c(Industry)Gold:Covid_Pos_Sentiment 1.053177e+00 5.974968e+00 0.176264819
c(Industry)Grocery Stores:Covid_Pos_Sentiment -1.612833e+00 5.537980e+00 -0.291231302
c(Industry)Health Information Services:Covid_Pos_Sentiment -2.103104e+00 2.320414e+00 -0.906348672
c(Industry)Healthcare Plans:Covid_Pos_Sentiment 2.604182e+00 3.564516e+00 0.730584919
c(Industry)Home Improvement Retail:Covid_Pos_Sentiment -5.639707e+00 6.658115e+00 -0.847042642
c(Industry)Household & Personal Products:Covid_Pos_Sentiment 8.918008e-01 2.248937e+00 0.396543286
c(Industry)Industrial Distribution:Covid_Pos_Sentiment -7.378891e-01 2.808451e+00 -0.262738792
c(Industry)Information Technology Services:Covid_Pos_Sentiment 3.564442e+00 1.869993e+00 1.906126299
c(Industry)Infrastructure Operations:Covid_Pos_Sentiment -1.075726e+00 2.235245e+01 -0.048125644
c(Industry)Insurance - Diversified:Covid_Pos_Sentiment -1.319036e+00 5.394564e+00 -0.244511999
c(Industry)Insurance - Life:Covid_Pos_Sentiment -9.111031e-01 1.989157e+00 -0.458034738
c(Industry)Insurance - Property & Casualty:Covid_Pos_Sentiment 1.973591e+00 1.795103e+00 1.099430354
c(Industry)Insurance - Reinsurance:Covid_Pos_Sentiment 3.136442e+00 6.801187e+00 0.461161033
c(Industry)Insurance - Specialty:Covid_Pos_Sentiment -3.643746e-01 3.715963e+00 -0.098056570
c(Industry)Insurance Brokers:Covid_Pos_Sentiment 6.293480e+00 4.080382e+00 1.542375116
c(Industry)Integrated Freight & Logistics:Covid_Pos_Sentiment 2.742560e+00 5.889546e+00 0.465665783
c(Industry)Internet Content & Information:Covid_Pos_Sentiment 8.347005e+00 3.634964e+00 2.296310089
c(Industry)Internet Retail:Covid_Pos_Sentiment 2.653161e+00 3.021488e+00 0.878097246
c(Industry)Leisure:Covid_Pos_Sentiment 2.252968e+00 3.021956e+00 0.745533097
c(Industry)Lodging:Covid_Pos_Sentiment -3.808193e+00 5.682343e+00 -0.670180050
c(Industry)Lumber & Wood Production:Covid_Pos_Sentiment -4.973396e+00 4.782301e+00 -1.039958951
c(Industry)Luxury Goods:Covid_Pos_Sentiment -5.912460e+00 5.052559e+00 -1.170191081
c(Industry)Marine Shipping:Covid_Pos_Sentiment -1.317981e+00 6.695692e+00 -0.196840130
c(Industry)Medical Care Facilities:Covid_Pos_Sentiment 2.812235e+00 1.276125e+00 2.203731165
c(Industry)Medical Devices:Covid_Pos_Sentiment 5.598760e-01 7.578949e-01 0.738725142
c(Industry)Medical Distribution:Covid_Pos_Sentiment 1.600914e-01 2.848701e+00 0.056198049
c(Industry)Medical Instruments & Supplies:Covid_Pos_Sentiment -1.721686e-02 9.721284e-01 -0.017710484
c(Industry)Metal Fabrication:Covid_Pos_Sentiment 7.919456e-01 2.480992e+00 0.319205214
c(Industry)Mortgage Finance:Covid_Pos_Sentiment 1.659657e+00 3.739599e+00 0.443806208
c(Industry)Oil & Gas Drilling:Covid_Pos_Sentiment -8.120307e+00 1.314601e+01 -0.617701310
c(Industry)Oil & Gas E&P:Covid_Pos_Sentiment -5.858941e+00 4.348606e+00 -1.347314743
c(Industry)Oil & Gas Equipment & Services:Covid_Pos_Sentiment -4.605229e-01 3.134537e+00 -0.146918973
c(Industry)Oil & Gas Integrated:Covid_Pos_Sentiment 7.500157e+00 2.355125e+01 0.318461136
c(Industry)Oil & Gas Midstream:Covid_Pos_Sentiment -8.784905e-01 4.943681e+00 -0.177699671
c(Industry)Oil & Gas Refining & Marketing:Covid_Pos_Sentiment 3.296707e+00 3.166265e+00 1.041197281
c(Industry)Other Industrial Metals & Mining:Covid_Pos_Sentiment 9.532702e+00 1.057847e+01 0.901141569
c(Industry)Other Precious Metals & Mining:Covid_Pos_Sentiment -2.888054e+01 2.775792e+01 -1.040443275
c(Industry)Packaged Foods:Covid_Pos_Sentiment 1.101312e+00 1.837199e+00 0.599451723
c(Industry)Packaging & Containers:Covid_Pos_Sentiment -1.878298e+00 3.079296e+00 -0.609976590
c(Industry)Paper & Paper Products:Covid_Pos_Sentiment -2.431713e+01 2.516770e+01 -0.966204157
c(Industry)Personal Services:Covid_Pos_Sentiment 7.463981e+00 4.097434e+00 1.821623257
c(Industry)Pharmaceutical Retailers:Covid_Pos_Sentiment 5.457397e+00 7.659418e+00 0.712508019
c(Industry)Pollution & Treatment Controls:Covid_Pos_Sentiment -4.492375e+00 5.992303e+00 -0.749690931
c(Industry)Publishing:Covid_Pos_Sentiment -1.250694e+00 3.286878e+00 -0.380511247
c(Industry)Railroads:Covid_Pos_Sentiment -3.320264e+00 5.922515e+00 -0.560617183
c(Industry)Real Estate - Development:Covid_Pos_Sentiment 1.158513e+01 1.265331e+01 0.915580882
c(Industry)Real Estate - Diversified:Covid_Pos_Sentiment 5.452659e+00 8.097080e+00 0.673410495
c(Industry)Real Estate Services:Covid_Pos_Sentiment 2.117549e+00 4.870657e+00 0.434756213
c(Industry)Recreational Vehicles:Covid_Pos_Sentiment 1.147130e+01 5.874093e+00 1.952863587
c(Industry)REIT - Diversified:Covid_Pos_Sentiment 2.888339e+00 4.287093e+00 0.673729054
c(Industry)REIT - Healthcare Facilities:Covid_Pos_Sentiment 3.336905e+00 2.467523e+00 1.352329745
c(Industry)REIT - Hotel & Motel:Covid_Pos_Sentiment 5.418223e+00 4.320504e+00 1.254071843
c(Industry)REIT - Industrial:Covid_Pos_Sentiment 1.543649e+00 4.018723e+00 0.384114339
c(Industry)REIT - Mortgage:Covid_Pos_Sentiment 1.395108e+00 2.464150e+00 0.566161908
c(Industry)REIT - Office:Covid_Pos_Sentiment 1.536774e+00 3.225016e+00 0.476516918
c(Industry)REIT - Residential:Covid_Pos_Sentiment 4.295472e+00 4.303557e+00 0.998121380
c(Industry)REIT - Retail:Covid_Pos_Sentiment -1.515444e+00 3.102265e+00 -0.488495884
c(Industry)REIT - Specialty:Covid_Pos_Sentiment 1.405069e+00 2.648774e+00 0.530460267
c(Industry)Rental & Leasing Services:Covid_Pos_Sentiment -1.853363e+00 3.488174e+00 -0.531327642
c(Industry)Residential Construction:Covid_Pos_Sentiment 4.328374e+00 3.446558e+00 1.255854052
c(Industry)Resorts & Casinos:Covid_Pos_Sentiment 3.861272e+00 3.790169e+00 1.018759902
c(Industry)Restaurants:Covid_Pos_Sentiment 1.462610e+00 2.085535e+00 0.701311742
c(Industry)Scientific & Technical Instruments:Covid_Pos_Sentiment 1.634261e-01 2.836726e+00 0.057610835
c(Industry)Security & Protection Services:Covid_Pos_Sentiment 3.446536e+00 3.435726e+00 1.003146238
c(Industry)Semiconductor Equipment & Materials:Covid_Pos_Sentiment 4.536723e+00 2.814747e+00 1.611769289
c(Industry)Semiconductors:Covid_Pos_Sentiment -1.921705e-01 1.975437e+00 -0.097280011
c(Industry)Software - Application:Covid_Pos_Sentiment 3.154809e-01 1.089021e+00 0.289692195
c(Industry)Software - Infrastructure:Covid_Pos_Sentiment 1.922464e+00 1.373224e+00 1.399963284
c(Industry)Solar:Covid_Pos_Sentiment 1.845087e+01 8.482736e+00 2.175107925
c(Industry)Specialty Business Services:Covid_Pos_Sentiment 2.565689e+00 3.176503e+00 0.807708713
c(Industry)Specialty Chemicals:Covid_Pos_Sentiment -6.022317e-01 1.737021e+00 -0.346703759
c(Industry)Specialty Industrial Machinery:Covid_Pos_Sentiment 2.497347e+00 1.486578e+00 1.679930503
c(Industry)Specialty Retail:Covid_Pos_Sentiment 3.734398e+00 2.499946e+00 1.493791414
c(Industry)Staffing & Employment Services:Covid_Pos_Sentiment -7.802442e-01 3.060720e+00 -0.254921784
c(Industry)Steel:Covid_Pos_Sentiment -6.088414e-01 4.400949e+00 -0.138343185
c(Industry)Telecom Services:Covid_Pos_Sentiment 2.644405e+00 3.645813e+00 0.725326416
c(Industry)Textile Manufacturing:Covid_Pos_Sentiment -5.539360e+00 2.659748e+00 -2.082663289
c(Industry)Thermal Coal:Covid_Pos_Sentiment -3.153924e+00 4.570992e+00 -0.689986826
c(Industry)Tobacco:Covid_Pos_Sentiment -4.810581e+00 3.412838e+00 -1.409554176
c(Industry)Tools & Accessories:Covid_Pos_Sentiment 3.205539e+00 4.858048e+00 0.659840869
c(Industry)Travel Services:Covid_Pos_Sentiment 4.796398e-01 5.811530e+00 0.082532448
c(Industry)Trucking:Covid_Pos_Sentiment -6.002251e+00 7.282283e+00 -0.824226451
c(Industry)Uranium:Covid_Pos_Sentiment 4.711619e+00 7.739967e+00 0.608738813
c(Industry)Utilities - Diversified:Covid_Pos_Sentiment -1.676615e+00 3.187746e+00 -0.525956360
c(Industry)Utilities - Independent Power Producers:Covid_Pos_Sentiment -7.731825e+00 1.008923e+01 -0.766344326
c(Industry)Utilities - Regulated Electric:Covid_Pos_Sentiment 2.167544e+00 2.244653e+00 0.965647413
c(Industry)Utilities - Regulated Gas:Covid_Pos_Sentiment 7.067146e-01 3.390434e+00 0.208443727
c(Industry)Utilities - Regulated Water:Covid_Pos_Sentiment 2.110726e+00 5.537539e+00 0.381166777
c(Industry)Utilities - Renewable:Covid_Pos_Sentiment -1.207562e+01 1.052067e+01 -1.147799013
c(Industry)Waste Management:Covid_Pos_Sentiment -6.418740e-01 2.493675e+00 -0.257400831
saveRDS(PercentChange_SharePrices_HierchicalIndustryCompany, file="../data/MixedEffects_HierarchicalModel.RDS")
summary(PercentChange_SharePrices_HierchicalIndustryCompany)$coefficientsp[,4] NULLtidy(PercentChange_SharePrices_HierchicalIndustryCompany, conf.int=TRUE)FixedEffects_IndustryCoefficients <- tidy(PercentChange_SharePrices_HierchicalIndustryCompany, conf.int=TRUE) |>
filter(effect=="fixed")
FixedEffects_IndustryCoefficientsStatSig_Industries_Time_y_InteractionTermIndustryNetCOVIDSentiment <- FixedEffects_IndustryCoefficients |>
filter(conf.high < 0 | conf.low > 0)
StatSig_Industries_Time_y_InteractionTermIndustryNetCOVIDSentimenttidy(PercentChange_SharePrices_HierchicalIndustryCompany, conf.int=TRUE) |>
filter(effect=="fixed") |>
ggplot(aes(x=reorder(term, estimate), y=estimate)) +
geom_point() +
geom_errorbar(aes(ymin=conf.low, ymax=conf.high, width=0.05)) +
labs(x="Industries") +
labs(y="% Change in Share Price as A Function of Net COVID Sentiment") +
coord_flip() 
Closing_Share_Price_Across_Time_DropNA <- Closing_Share_Price_Across_Time |> drop_na(`Percent_Change_bt_DayBefore_y_DayAfter`, `Industry`, `Day_of_EarningsCall`, `company_name`, `Covid_Net_Sentiment`)
Closing_Share_Price_Across_Time_DropNAtibble(resid=resid(PercentChange_SharePrices_HierchicalIndustryCompany), date=Closing_Share_Price_Across_Time_DropNA$Day_of_EarningsCall) |>
filter(date > "2019-01-01") |>
ggplot(aes(x=date, y=resid)) +
geom_point(alpha=0.2) +
geom_smooth() +
ylim(-25, 25)
# stat_poly_eq(use_label(c("eq", "adj.R2", "f", "p", "n")), vstep=22, size=3.8) cIndustry_Removal = function(lab) {
str_remove(lab, "c\\(Industry\\)")
}
DayOfEarningsCall_Removal = function(lab) {
str_remove(lab, "Day_of_EarningsCall")
}
StatSig_Industries_Time_y_InteractionTermIndustryNetCOVIDSentiment <- StatSig_Industries_Time_y_InteractionTermIndustryNetCOVIDSentiment |> mutate(term = cIndustry_Removal(term)) |> mutate(term = DayOfEarningsCall_Removal(term))
StatSig_Industries_Time_y_InteractionTermIndustryNetCOVIDSentiment
BarGraph_StatSig_Industries <- ggplot(data=StatSig_Industries_Time_y_InteractionTermIndustryNetCOVIDSentiment, aes(x=reorder(term, estimate), y=estimate)) +
geom_bar(stat="identity", fill="steelblue") +
coord_flip() +
theme_minimal() +
labs(x="Industries") +
labs(y="% Change in Stock Price as A Function of Net COVID Sentiment") +
labs(title="Notable Industries Whose Share Prices Outperformed", subtitle="Mixed-Effect Linear Regression Analysis of How Percentage Change in Share Price Correlates with Net COVID-Related Sentiment")
BarGraph_StatSig_Industries
StatSig_IndustryNetCOVIDSentimentInteraction <- StatSig_Industries_Time_y_InteractionTermIndustryNetCOVIDSentiment |> filter(str_detect(term, ":Covid_Net_Sentiment"))
StatSig_IndustryNetCOVIDSentimentInteractionStatSig_Industries <- StatSig_Industries_Time_y_InteractionTermIndustryNetCOVIDSentiment |> filter(!str_detect(term, ":Covid_Net_Sentiment"))
StatSig_Industries
InteractionTermLabel_Removal = function(lab) {
str_remove(lab, ":Covid_Net_Sentiment")
}
StatSig_IndustryNetCOVIDSentimentInteraction_TrimmedLabels <- StatSig_IndustryNetCOVIDSentimentInteraction |> mutate(term = InteractionTermLabel_Removal(term))
BarGraph_StatSig_IndustryNetCOVIDSentimentInteraction_TrimmedLabels <- ggplot(data=StatSig_IndustryNetCOVIDSentimentInteraction_TrimmedLabels, aes(x=reorder(term, estimate), y=estimate)) +
geom_bar(stat="identity", fill="steelblue") +
coord_flip() +
theme_minimal() +
labs(x="Industries") +
labs(y="% Change in Stock Price as A Function of Net COVID Sentiment") +
labs(title="Industries Whose Stock Price Changes Disproportionally Correlate with Net COVID Sentiment", subtitle="Mixed-Effect Linear Regression Analysis of How Percentage Change in Share Price Correlates with Net COVID-Related Sentiment")
BarGraph_StatSig_IndustryNetCOVIDSentimentInteraction_TrimmedLabels
NA
NA
BarGraph_StatSig_Industries <- ggplot(data=StatSig_Industries, aes(x=reorder(term, estimate), y=estimate)) +
geom_bar(stat="identity", fill="steelblue") +
coord_flip() +
theme_minimal() +
labs(x="Industries") +
labs(y="% Change in Stock Price as A Function of Net COVID Sentiment") +
labs(title="Industries Whose Stock Price Changes Statistically Significantly Correlate with Net COVID Sentiment", subtitle="Mixed-Effect Linear Regression Analysis of How Changes in Stock Price Correlate with Net COVID-Related Sentiment")
BarGraph_StatSig_Industries
NA
NAtidy(PercentChange_SharePrices_HierchicalIndustryCompany, effects="ran_vals", conf.int=TRUE) Random_Effect_Coeff_Desc <- tidy(PercentChange_SharePrices_HierchicalIndustryCompany, effects="ran_vals", conf.int=TRUE) |> arrange(desc(estimate))
Random_Effect_Coeff_Desc Company_Industry <- Closing_Share_Price_Across_Time |>
select(company_name, Industry) |>
unique()
Company_Industry Firm_Industry_Random_Effect_Coeff_Desc <- Random_Effect_Coeff_Desc |>
inner_join(Company_Industry, by=join_by(level==company_name))
Firm_Industry_Random_Effect_Coeff_DescLet’s look at stock performance of firms within industries whose share price changes were less impacted by Net COVID Sentiment.
Grocery_Stores <- ggplot(data=Firm_Industry_Random_Effect_Coeff_Desc |> filter(Industry=="Grocery Stores"), aes(x=reorder(level, estimate), y=estimate)) +
geom_bar(stat="identity", fill="steelblue") +
coord_flip() +
theme_minimal() +
labs(x="Companies") +
labs(y="Additional % of Correlative Change in Stock Price from Industry Average") +
labs(title="Changes in Stock Prices of Grocery Stores with Respect to Industry", subtitle="Mixed-Effect Linear Regression Analysis of How Percentage Change in Share Price Correlates with Net COVID-Related Sentiment")
Grocery_Stores
Auto_n_Truck_Dealerships <- ggplot(data=Firm_Industry_Random_Effect_Coeff_Desc |> filter(Industry=="Auto & Truck Dealerships"), aes(x=reorder(level, estimate), y=estimate)) +
geom_bar(stat="identity", fill="steelblue") +
coord_flip() +
theme_minimal() +
labs(x="Companies") +
labs(y="Additional % of Correlative Change in Stock Price from Industry Average") +
labs(title="Changes in Stock Prices of Auto/Truck Dealership Firms with Respect to Industry", subtitle="Mixed-Effect Linear Regression Analysis of How Percentage Change in Share Price Correlates with Net COVID-Related Sentiment")
Auto_n_Truck_Dealerships
Industrial_Distribution <- ggplot(data=Firm_Industry_Random_Effect_Coeff_Desc |> filter(Industry=="Industrial Distribution"), aes(x=reorder(level, estimate), y=estimate)) +
geom_bar(stat="identity", fill="steelblue") +
coord_flip() +
theme_minimal() +
labs(x="Companies") +
labs(y="Additional % of Correlative Change in Stock Price from Industry Average") +
labs(title="Changes in Stock Prices of Industrial Distribution Firms with Respect to Industry", subtitle="Mixed-Effect Linear Regression Analysis of How Percentage Change in Share Price Correlates with Net COVID-Related Sentiment")
Industrial_Distribution
Then, let’s look at stock performance of firms within industries whose share price changes were more impacted by Net COVID Sentiment.
Discount_Stores <- ggplot(data=Firm_Industry_Random_Effect_Coeff_Desc |> filter(Industry=="Discount Stores"), aes(x=reorder(level, estimate), y=estimate)) +
geom_bar(stat="identity", fill="steelblue") +
coord_flip() +
theme_minimal() +
labs(x="Companies") +
labs(y="Additional % of Correlative Change in Stock Price from Industry Average") +
labs(title="Changes in Stock Prices of Discount Stores with Respect to Industry", subtitle="Mixed-Effect Linear Regression Analysis of How Percentage Change in Share Price Correlates with Net COVID-Related Sentiment")
Discount_Stores
Consumer_Electronics <- ggplot(data=Firm_Industry_Random_Effect_Coeff_Desc |> filter(Industry=="Consumer Electronics"), aes(x=reorder(level, estimate), y=estimate)) +
geom_bar(stat="identity", fill="steelblue") +
coord_flip() +
theme_minimal() +
labs(x="Companies") +
labs(y="Additional % of Correlative Change in Stock Price from Industry Average") +
labs(title="Changes in Stock Prices of Consumer Electronics Firms with Respect to Industry", subtitle="Mixed-Effect Linear Regression Analysis of How Percentage Change in Share Price Correlates with Net COVID-Related Sentiment")
Consumer_Electronics 
Integrated_Freight_n_Logistics <- ggplot(data=Firm_Industry_Random_Effect_Coeff_Desc |> filter(Industry=="Integrated Freight & Logistics"), aes(x=reorder(level, estimate), y=estimate)) +
geom_bar(stat="identity", fill="steelblue") +
coord_flip() +
theme_minimal() +
labs(x="Companies") +
labs(y="Additional % of Correlative Change in Stock Price from Industry Average") +
labs(title="Changes in Stock Prices of Integrated Freight & Logistics Firms with Respect to Industry", subtitle="Mixed-Effect Linear Regression Analysis of How Percentage Change in Share Price Correlates with Net COVID-Related Sentiment")
Integrated_Freight_n_Logistics
Next, let’s look into notable industries whose share prices outperformed those in other industries:
Electronic_Gaming_n_Multimedia <- ggplot(data=Firm_Industry_Random_Effect_Coeff_Desc |> filter(Industry=="Electronic Gaming & Multimedia"), aes(x=reorder(level, estimate), y=estimate)) +
geom_bar(stat="identity", fill="steelblue") +
coord_flip() +
theme_minimal() +
labs(x="Companies") +
labs(y="Additional % of Correlative Change in Stock Price from Industry Average") +
labs(title="Changes in Stock Prices of Electronic Gaming & Multimedia Firms with Respect to Industry", subtitle="Mixed-Effect Linear Regression Analysis of How Percentage Change in Share Price Correlates with Net COVID-Related Sentiment")
Electronic_Gaming_n_Multimedia
TopFirms <- Random_Effect_Coeff_Desc |>
filter(conf.low > 0)
TopFirmsBottomFirms <- Random_Effect_Coeff_Desc |>
filter(conf.high < 0)
BottomFirms StatSig_Firms <- Random_Effect_Coeff_Desc |>
filter(conf.high < 0 | conf.low > 0)
StatSig_Firms Top20Firms <- Random_Effect_Coeff_Desc |> head(20)
Top20FirmsAdd a boolean statistical significance column:
Firm_Industry_Random_Effect_Coeff_Desc_StatSig <- Random_Effect_Coeff_Desc |>
inner_join(Company_Industry, by=join_by(level==company_name)) |>
select(level, estimate, conf.low, conf.high, Industry) |>
filter(conf.high < 0 | conf.low > 0) |>
mutate(`Statistically Significant?`="Yes")
Firm_Industry_Random_Effect_Coeff_Desc_StatSig
Firm_Industry_Random_Effect_Coeff_Desc_StatInsig <- Random_Effect_Coeff_Desc |>
inner_join(Company_Industry, by=join_by(level==company_name)) |>
select(level, estimate, conf.low, conf.high, Industry) |>
filter(conf.high > 0 & conf.low < 0) |>
mutate(`Statistically Significant?`="No")
Firm_Industry_Random_Effect_Coeff_Desc_StatInsigPiecing the firms whose stats are statistically significant back together with those whose stats aren’t:
Firm_Industry_Random_Effect_Coeff_Desc_StatSig_y_StatInsig <- bind_rows(Firm_Industry_Random_Effect_Coeff_Desc_StatSig, Firm_Industry_Random_Effect_Coeff_Desc_StatInsig)
Firm_Industry_Random_Effect_Coeff_Desc_StatSig_y_StatInsigBarGraph_AllFirms <- ggplot(data=Random_Effect_Coeff_Desc, aes(x=reorder(level, estimate), y=estimate)) +
geom_bar(stat="identity", fill="steelblue") +
coord_flip() +
theme_minimal() +
labs(x="Companies") +
labs(y="% of Additional Correlative Change in Stock Price from Industry Average") +
labs(title="Stellar Companies Whose Share Prices Outperformed Those in Their Respective Industries", subtitle="Mixed-Effect Linear Regression Analysis of How Percentage Change in Share Price Correlates with Net COVID-Related Sentiment")
BarGraph_AllFirms 
BarGraph_StatSig_Firms <- ggplot(data=StatSig_Firms, aes(x=reorder(level, estimate), y=estimate)) +
geom_bar(stat="identity", fill="steelblue") +
coord_flip() +
theme_minimal() +
labs(x="Companies") +
labs(y="Additional % of Correlative Change in Stock Price from Industrial Average") +
labs(title="Notable Companies Whose Correlational Performance Exceeded Their Respective Industry", subtitle="Mixed-Effect Linear Regression Analysis of How Percentage Change in Share Price Correlates with Net COVID-Related Sentiment")
BarGraph_StatSig_Firms
select_company=c("Carmax Inc")
Closing_Share_Price_Across_Time_DropNA_highlight <- Closing_Share_Price_Across_Time_DropNA |>
mutate(highlight=case_when(company_name %in% select_company ~ TRUE,
.default=FALSE))
Closing_Share_Price_Across_Time_DropNA_highlight |>
filter(Industry==(Industry[(Closing_Share_Price_Across_Time_DropNA_highlight$company_name=="Lovesac Co")] |> unique())) |>
ggplot(aes(x=Day_of_EarningsCall, y=Percent_Change_bt_DayBefore_y_DayAfter)) +
geom_point(aes(size=Covid_Net_Sentiment, color=highlight), alpha=0.7, show.legend=FALSE) +
geom_smooth(method=lm, formula=y ~ x) +
scale_color_manual(values=c("orange", "black")) +
# scale_size_manual(values=c(1, 3)) +
# geom_label_repel(data=Closing_Share_Price_Across_Time_DropNA_highlight |> filter(highlight==TRUE), aes(label=company_name)) +
stat_poly_eq(use_label(c("eq", "adj.R2", "f", "p", "n")), vstep=22, size=3.8)
# vcov(PercentChange_SharePrices_HierchicalIndustryCompany)---
title: "Finding Firms with Largest Delta in Net COVID Sentiment"
output: html_notebook
---



```{r}
library(tidyverse)
library(ggplot2)
library(dplyr)
library(lubridate)
library(corrr)
library(haven)
library(lme4) 
library(broom.mixed) 
library(ggrepel)
library(ggpubr)
library(ggpmisc)
```




Read in data file  

```{r}

firms <- read_dta('../data/firmquarter_2022q1.dta')
firms 

```


Find entries whose COVID Net Sentiment isn't 0

```{r}
NonZero_Firms <- firms |> 
  filter(`Covid_Net_Sentiment` != 0) |> 
  filter(hqcountrycode=='US') |> 
  mutate(Day_of_EarningsCall=dmy(date_earningscall)) 

NonZero_Firms 
```


Find firms (and their earnings calls) the largest Deltas in their Net COVID Sentiments over time.

```{r}

Min_Max_Net_COVID_Sentiments <- NonZero_Firms |> 
  group_by(company_name) |> 
  mutate(Min_Net_COVID_Sentiment=min(Covid_Net_Sentiment)) |> 
  mutate(Max_Net_COVID_Sentiment=max(Covid_Net_Sentiment)) |> 
  mutate(Delta_Net_COVID_Sentiment=Max_Net_COVID_Sentiment - Min_Net_COVID_Sentiment) |> 
  arrange(desc(Delta_Net_COVID_Sentiment))
#  arrange(desc(ticker)) |> 
#    arrange(Day_of_EarningsCall) 

Min_Max_Net_COVID_Sentiments  

```





Find top firms with the largest Deltas in their Net COVID Sentiments over time.


```{r}

# Top_Firms <- Min_Max_Net_COVID_Sentiments  |> 
#                   distinct(company_name)  
# Top_Firms

# write_csv(Top_Firms, '../data/Top_Firms.csv')


```
```{r}

# Dates_Min_Max_Net_COVID_Sentiments <- Min_Max_Net_COVID_Sentiments |> 
#           group_by(company_name) |> 
#           filter(Covid_Net_Sentiment==Min_Net_COVID_Sentiment | Covid_Net_Sentiment==Max_Net_COVID_Sentiment) |> 
#           arrange(desc(Delta_Net_COVID_Sentiment))
# 
# Dates_Min_Max_Net_COVID_Sentiments


# write_csv(Dates_Min_Max_Net_COVID_Sentiments, '../data/Dates_Min_Max_Net_COVID_Sentiments.csv')

```


Find unique ticker symbols:

```{r}
# Tickers <- Dates_Min_Max_Net_COVID_Sentiments |> 
#   group_by(company_name) |> 
#   distinct(ticker)
```


```{r}
# US_Tickers <- read_csv('../data/DescendingUSTickers_Extended.csv') 
# 
# US_Tickers <- US_Tickers |> 
#                   distinct(ticker)

# write_csv(US_Tickers, '../data/US_Tickers.csv')

```



Insert industry info via join:

```{r}

# Industries <- read_csv('../data/CompanyName_Ticker_Industry.csv')
# Industries

```
```{r}

# Industries <- Industries |> 
#                 select(-ticker)
# Industries

```

```{r}

# Net_COVID_Sentiments_Industries <- Min_Max_Net_COVID_Sentiments |> 
#     inner_join(Industries, by=join_by(company_name))
# 
# Net_COVID_Sentiments_Industries

```

Exporting data for fetching of share price data:
Arranging tickers by descending order in order to place the entries without tickers at the end

```{r}

# SharePrice_Write_CSV_Prep <- Net_COVID_Sentiments_Industries |>
#   arrange(desc(ticker)) |> 
#   arrange(desc(Industry))
# 
# write_csv(SharePrice_Write_CSV_Prep, "../data/Descending_Ticker_Industry.csv")

```




```{r}
Closing_Share_Price_Across_Time_AllYears <- read_csv('../data/Descending_Ticker_Industry_SharePrice.csv')

Closing_Share_Price_Across_Time  <- Closing_Share_Price_Across_Time_AllYears |> filter(Day_of_EarningsCall > 2019-12-31)
Closing_Share_Price_Across_Time
```


```{r}
# Closing_Share_Price_Across_Time_dates <- Closing_Share_Price_Across_Time |> mutate(date_earningscall=dmy(date_earningscall)) 
# Closing_Share_Price_Across_Time_dates

```




Examines Net COVID Sentiment across industries over time: 

Side note: Advertising Agencies is the reference Industry 

```{r}

lm(log(Covid_Net_Sentiment) ~ c(Industry) + Day_of_EarningsCall + Covid_Exposure, data=Closing_Share_Price_Across_Time) |> 
  summary()

```





Examines Positive COVID Sentiment across industries over time:

```{r}

lm(Covid_Pos_Sentiment ~ c(Industry) + Day_of_EarningsCall + Covid_Exposure, data=Closing_Share_Price_Across_Time) |> 
  summary()

```

```{r}

lm(Covid_Neg_Sentiment ~ c(Industry) + Day_of_EarningsCall + Covid_Exposure + PRiskT_health, data=Closing_Share_Price_Across_Time) |> 
  summary()

``` 


Examines Negative COVID Sentiment across industries over time:

```{r}

lm(Covid_Neg_Sentiment ~ c(Industry) + Day_of_EarningsCall + Covid_Exposure + PRiskT_health, data=Closing_Share_Price_Across_Time) |> 
  summary()

```




```{r}

lm(Percent_Change_bt_DayBefore_y_DayAfter ~ c(Industry) + Day_of_EarningsCall + Covid_Net_Sentiment + Covid_Net_Sentiment:c(Industry), data=Closing_Share_Price_Across_Time) |> 
  summary()

```

```{r}

PercentChange_SharePrices_HierchicalIndustryCompany_RandomIndustryFirms <- glmer(
  "Percent_Change_bt_DayBefore_y_DayAfter ~ Day_of_EarningsCall + Covid_Net_Sentiment + (1 | Industry/company_name)", 
  data=Closing_Share_Price_Across_Time,
  family=gaussian) 

PercentChange_SharePrices_HierchicalIndustryCompany_RandomIndustryFirms 
``` 

```{r}
summary(PercentChange_SharePrices_HierchicalIndustryCompany_RandomIndustryFirms)$coefficients  
```
p-value for Day_of_EarningsCall < 0.05
p-value for Covid_Net_Sentiment < 0.01

```{r}
tidy(PercentChange_SharePrices_HierchicalIndustryCompany_RandomIndustryFirms)
```


```{r}

PercentChange_SharePrices_HierchicalIndustryCompany <- glmer(
  "Percent_Change_bt_DayBefore_y_DayAfter ~ -1 + Day_of_EarningsCall + c(Industry) + Covid_Net_Sentiment:c(Industry) + (1 | company_name)", 
  data=Closing_Share_Price_Across_Time,
  family=gaussian) 

summary(PercentChange_SharePrices_HierchicalIndustryCompany)$coefficients  

``` 


```{r}

PercentChange_NegCOVIDSentiment_SharePrices_HierchicalIndustryCompany <- glmer(
  "Percent_Change_bt_DayBefore_y_DayAfter ~ -1 + Day_of_EarningsCall + c(Industry) + Covid_Neg_Sentiment:c(Industry) + (1 | company_name)", 
  data=Closing_Share_Price_Across_Time,
  family=gaussian) 

summary(PercentChange_NegCOVIDSentiment_SharePrices_HierchicalIndustryCompany)$coefficients  

``` 

 
```{r}

PercentChange_PosCOVIDSentiment_SharePrices_HierchicalIndustryCompany <- glmer(
  "Percent_Change_bt_DayBefore_y_DayAfter ~ -1 + Day_of_EarningsCall + c(Industry) + Covid_Pos_Sentiment:c(Industry) + (1 | company_name)", 
  data=Closing_Share_Price_Across_Time,
  family=gaussian) 

summary(PercentChange_PosCOVIDSentiment_SharePrices_HierchicalIndustryCompany)$coefficients  

```  




```{r}

saveRDS(PercentChange_SharePrices_HierchicalIndustryCompany, file="../data/MixedEffects_HierarchicalModel.RDS")

```


```{r}
summary(PercentChange_SharePrices_HierchicalIndustryCompany)$coefficientsp[,4]  
```



```{r}
tidy(PercentChange_SharePrices_HierchicalIndustryCompany, conf.int=TRUE)
```

```{r}
FixedEffects_IndustryCoefficients <- tidy(PercentChange_SharePrices_HierchicalIndustryCompany, conf.int=TRUE) |> 
  filter(effect=="fixed")  

FixedEffects_IndustryCoefficients
```


```{r}
StatSig_Industries_Time_y_InteractionTermIndustryNetCOVIDSentiment <- FixedEffects_IndustryCoefficients |> 
  filter(conf.high < 0 | conf.low > 0)  

StatSig_Industries_Time_y_InteractionTermIndustryNetCOVIDSentiment
```








```{r}
tidy(PercentChange_SharePrices_HierchicalIndustryCompany, conf.int=TRUE) |> 
  filter(effect=="fixed") |> 
  ggplot(aes(x=reorder(term, estimate), y=estimate)) +
  geom_point() +
  geom_errorbar(aes(ymin=conf.low, ymax=conf.high, width=0.05)) +
  labs(x="Industries") + 
  labs(y="% Change in Share Price as A Function of Net COVID Sentiment") +
  coord_flip() 
```
```{r}
Closing_Share_Price_Across_Time_DropNA <- Closing_Share_Price_Across_Time |> drop_na(`Percent_Change_bt_DayBefore_y_DayAfter`, `Industry`, `Day_of_EarningsCall`, `company_name`, `Covid_Net_Sentiment`)

Closing_Share_Price_Across_Time_DropNA
```


```{r} 
tibble(resid=resid(PercentChange_SharePrices_HierchicalIndustryCompany), date=Closing_Share_Price_Across_Time_DropNA$Day_of_EarningsCall) |> 
  filter(date > "2019-01-01") |> 
  ggplot(aes(x=date, y=resid)) +
  geom_point(alpha=0.2) +
  geom_smooth() +
  ylim(-25, 25)
# stat_poly_eq(use_label(c("eq", "adj.R2", "f", "p", "n")), vstep=22, size=3.8) 
```
```{r}
cIndustry_Removal = function(lab) {
  str_remove(lab, "c\\(Industry\\)")  
}

DayOfEarningsCall_Removal = function(lab) {
  str_remove(lab, "Day_of_EarningsCall")  
}

```


```{r}
StatSig_Industries_Time_y_InteractionTermIndustryNetCOVIDSentiment <- StatSig_Industries_Time_y_InteractionTermIndustryNetCOVIDSentiment |> mutate(term = cIndustry_Removal(term)) |> mutate(term = DayOfEarningsCall_Removal(term))

StatSig_Industries_Time_y_InteractionTermIndustryNetCOVIDSentiment
```




```{r} 

BarGraph_StatSig_Industries <- ggplot(data=StatSig_Industries_Time_y_InteractionTermIndustryNetCOVIDSentiment, aes(x=reorder(term, estimate), y=estimate)) +
  geom_bar(stat="identity", fill="steelblue") +
  coord_flip() +
  theme_minimal() +
  labs(x="Industries") + 
  labs(y="% Change in Stock Price as A Function of Net COVID Sentiment") + 
  labs(title="Notable Industries Whose Share Prices Outperformed", subtitle="Mixed-Effect Linear Regression Analysis of How Percentage Change in Share Price Correlates with Net COVID-Related Sentiment")

BarGraph_StatSig_Industries

```




```{r}
StatSig_IndustryNetCOVIDSentimentInteraction <- StatSig_Industries_Time_y_InteractionTermIndustryNetCOVIDSentiment |> filter(str_detect(term, ":Covid_Net_Sentiment"))
StatSig_IndustryNetCOVIDSentimentInteraction
```
 
```{r}
StatSig_Industries <- StatSig_Industries_Time_y_InteractionTermIndustryNetCOVIDSentiment |> filter(!str_detect(term, ":Covid_Net_Sentiment"))
StatSig_Industries
``` 
```{r}

InteractionTermLabel_Removal = function(lab) {
  str_remove(lab, ":Covid_Net_Sentiment")  
}

StatSig_IndustryNetCOVIDSentimentInteraction_TrimmedLabels <- StatSig_IndustryNetCOVIDSentimentInteraction |> mutate(term = InteractionTermLabel_Removal(term))

```


```{r}

BarGraph_StatSig_IndustryNetCOVIDSentimentInteraction_TrimmedLabels <- ggplot(data=StatSig_IndustryNetCOVIDSentimentInteraction_TrimmedLabels, aes(x=reorder(term, estimate), y=estimate)) +
                                                          geom_bar(stat="identity", fill="steelblue") +
                                                          coord_flip() +
                                                          theme_minimal() +
                                                          labs(x="Industries") + 
                                                          labs(y="% Change in Stock Price as A Function of Net COVID Sentiment") + 
                                                          labs(title="Industries Whose Stock Price Changes Disproportionally Correlate with Net COVID Sentiment", subtitle="Mixed-Effect Linear Regression Analysis of How Percentage Change in Share Price Correlates with Net COVID-Related Sentiment")

BarGraph_StatSig_IndustryNetCOVIDSentimentInteraction_TrimmedLabels


```






```{r}

BarGraph_StatSig_Industries <- ggplot(data=StatSig_Industries, aes(x=reorder(term, estimate), y=estimate)) +
                                                          geom_bar(stat="identity", fill="steelblue") +
                                                          coord_flip() +
                                                          theme_minimal() +
                                                          labs(x="Industries") + 
                                                          labs(y="% Change in Stock Price as A Function of Net COVID Sentiment") + 
                                                          labs(title="Industries Whose Stock Price Changes Statistically Significantly Correlate with Net COVID Sentiment", subtitle="Mixed-Effect Linear Regression Analysis of How Changes in Stock Price Correlate with Net COVID-Related Sentiment")

BarGraph_StatSig_Industries


```




```{r}
tidy(PercentChange_SharePrices_HierchicalIndustryCompany, effects="ran_vals", conf.int=TRUE) 
```


```{r}
Random_Effect_Coeff_Desc <- tidy(PercentChange_SharePrices_HierchicalIndustryCompany, effects="ran_vals", conf.int=TRUE) |> arrange(desc(estimate))
Random_Effect_Coeff_Desc 
```

```{r}
Company_Industry  <- Closing_Share_Price_Across_Time |> 
  select(company_name, Industry) |> 
  unique()

Company_Industry 
```


```{r}
Firm_Industry_Random_Effect_Coeff_Desc <- Random_Effect_Coeff_Desc  |> 
  inner_join(Company_Industry, by=join_by(level==company_name))

Firm_Industry_Random_Effect_Coeff_Desc
```

Let's look at stock performance of firms within industries whose share price changes were less impacted by Net COVID Sentiment.

```{r}
Grocery_Stores <- ggplot(data=Firm_Industry_Random_Effect_Coeff_Desc |> filter(Industry=="Grocery Stores"), aes(x=reorder(level, estimate), y=estimate)) +
  geom_bar(stat="identity", fill="steelblue") +
  coord_flip() +
  theme_minimal() +
  labs(x="Companies") + 
  labs(y="Additional % of Correlative Change in Stock Price from Industry Average") + 
  labs(title="Changes in Stock Prices of Grocery Stores with Respect to Industry", subtitle="Mixed-Effect Linear Regression Analysis of How Percentage Change in Share Price Correlates with Net COVID-Related Sentiment")

Grocery_Stores
```



```{r}
Auto_n_Truck_Dealerships <- ggplot(data=Firm_Industry_Random_Effect_Coeff_Desc |> filter(Industry=="Auto & Truck Dealerships"), aes(x=reorder(level, estimate), y=estimate)) +
  geom_bar(stat="identity", fill="steelblue") +
  coord_flip() +
  theme_minimal() +
  labs(x="Companies") + 
  labs(y="Additional % of Correlative Change in Stock Price from Industry Average") + 
  labs(title="Changes in Stock Prices of Auto/Truck Dealership Firms with Respect to Industry", subtitle="Mixed-Effect Linear Regression Analysis of How Percentage Change in Share Price Correlates with Net COVID-Related Sentiment")

Auto_n_Truck_Dealerships
```

```{r}
Industrial_Distribution <- ggplot(data=Firm_Industry_Random_Effect_Coeff_Desc |> filter(Industry=="Industrial Distribution"), aes(x=reorder(level, estimate), y=estimate)) +
  geom_bar(stat="identity", fill="steelblue") +
  coord_flip() +
  theme_minimal() +
  labs(x="Companies") + 
  labs(y="Additional % of Correlative Change in Stock Price from Industry Average") + 
  labs(title="Changes in Stock Prices of Industrial Distribution Firms with Respect to Industry", subtitle="Mixed-Effect Linear Regression Analysis of How Percentage Change in Share Price Correlates with Net COVID-Related Sentiment")

Industrial_Distribution
```


Then, let's look at stock performance of firms within industries whose share price changes were more impacted by Net COVID Sentiment.



```{r}
Discount_Stores <- ggplot(data=Firm_Industry_Random_Effect_Coeff_Desc |> filter(Industry=="Discount Stores"), aes(x=reorder(level, estimate), y=estimate)) +
  geom_bar(stat="identity", fill="steelblue") +
  coord_flip() +
  theme_minimal() +
  labs(x="Companies") + 
  labs(y="Additional % of Correlative Change in Stock Price from Industry Average") + 
  labs(title="Changes in Stock Prices of Discount Stores with Respect to Industry", subtitle="Mixed-Effect Linear Regression Analysis of How Percentage Change in Share Price Correlates with Net COVID-Related Sentiment")

Discount_Stores
```


```{r}
Consumer_Electronics <- ggplot(data=Firm_Industry_Random_Effect_Coeff_Desc |> filter(Industry=="Consumer Electronics"), aes(x=reorder(level, estimate), y=estimate)) +
  geom_bar(stat="identity", fill="steelblue") +
  coord_flip() +
  theme_minimal() +
  labs(x="Companies") + 
  labs(y="Additional % of Correlative Change in Stock Price from Industry Average") + 
  labs(title="Changes in Stock Prices of Consumer Electronics Firms with Respect to Industry", subtitle="Mixed-Effect Linear Regression Analysis of How Percentage Change in Share Price Correlates with Net COVID-Related Sentiment")

Consumer_Electronics 
```

```{r}
Integrated_Freight_n_Logistics <- ggplot(data=Firm_Industry_Random_Effect_Coeff_Desc |> filter(Industry=="Integrated Freight & Logistics"), aes(x=reorder(level, estimate), y=estimate)) +
  geom_bar(stat="identity", fill="steelblue") +
  coord_flip() +
  theme_minimal() +
  labs(x="Companies") + 
  labs(y="Additional % of Correlative Change in Stock Price from Industry Average") + 
  labs(title="Changes in Stock Prices of Integrated Freight & Logistics Firms with Respect to Industry", subtitle="Mixed-Effect Linear Regression Analysis of How Percentage Change in Share Price Correlates with Net COVID-Related Sentiment")

Integrated_Freight_n_Logistics
```



Next, let's look into notable industries whose share prices outperformed those in other industries:



```{r}
Electronic_Gaming_n_Multimedia <- ggplot(data=Firm_Industry_Random_Effect_Coeff_Desc |> filter(Industry=="Electronic Gaming & Multimedia"), aes(x=reorder(level, estimate), y=estimate)) +
  geom_bar(stat="identity", fill="steelblue") +
  coord_flip() +
  theme_minimal() +
  labs(x="Companies") + 
  labs(y="Additional % of Correlative Change in Stock Price from Industry Average") + 
  labs(title="Changes in Stock Prices of Electronic Gaming & Multimedia Firms with Respect to Industry", subtitle="Mixed-Effect Linear Regression Analysis of How Percentage Change in Share Price Correlates with Net COVID-Related Sentiment")

Electronic_Gaming_n_Multimedia
```




```{r}
TopFirms <- Random_Effect_Coeff_Desc |> 
  filter(conf.low > 0)
TopFirms
```

```{r}
BottomFirms <- Random_Effect_Coeff_Desc |> 
  filter(conf.high < 0)
BottomFirms 
```


```{r}
StatSig_Firms <- Random_Effect_Coeff_Desc |> 
  filter(conf.high < 0 | conf.low > 0)
StatSig_Firms 
```


```{r}
Top20Firms <- Random_Effect_Coeff_Desc |> head(20) 
Top20Firms
```


Add a boolean statistical significance column:

```{r}

Firm_Industry_Random_Effect_Coeff_Desc_StatSig <- Random_Effect_Coeff_Desc  |> 
  inner_join(Company_Industry, by=join_by(level==company_name)) |> 
  select(level, estimate, conf.low, conf.high, Industry) |> 
  filter(conf.high < 0 | conf.low > 0) |> 
  mutate(`Statistically Significant?`="Yes")

Firm_Industry_Random_Effect_Coeff_Desc_StatSig
```


```{r}

Firm_Industry_Random_Effect_Coeff_Desc_StatInsig <- Random_Effect_Coeff_Desc  |> 
  inner_join(Company_Industry, by=join_by(level==company_name)) |> 
  select(level, estimate, conf.low, conf.high, Industry) |> 
  filter(conf.high > 0 & conf.low < 0) |> 
  mutate(`Statistically Significant?`="No")

Firm_Industry_Random_Effect_Coeff_Desc_StatInsig
```


Piecing the firms whose stats are statistically significant back together with those whose stats aren't:


```{r}
Firm_Industry_Random_Effect_Coeff_Desc_StatSig_y_StatInsig <- bind_rows(Firm_Industry_Random_Effect_Coeff_Desc_StatSig, Firm_Industry_Random_Effect_Coeff_Desc_StatInsig)

Firm_Industry_Random_Effect_Coeff_Desc_StatSig_y_StatInsig
```




```{r} 
BarGraph_AllFirms <- ggplot(data=Random_Effect_Coeff_Desc, aes(x=reorder(level, estimate), y=estimate)) +
  geom_bar(stat="identity", fill="steelblue") +
  coord_flip() +
  theme_minimal() +
  labs(x="Companies") + 
  labs(y="% of Additional Correlative Change in Stock Price from Industry Average") + 
  labs(title="Stellar Companies Whose Share Prices Outperformed Those in Their Respective Industries", subtitle="Mixed-Effect Linear Regression Analysis of How Percentage Change in Share Price Correlates with Net COVID-Related Sentiment")

BarGraph_AllFirms 
```


```{r}
BarGraph_StatSig_Firms <- ggplot(data=StatSig_Firms, aes(x=reorder(level, estimate), y=estimate)) +
  geom_bar(stat="identity", fill="steelblue") +
  coord_flip() +
  theme_minimal() +
  labs(x="Companies") + 
  labs(y="Additional % of Correlative Change in Stock Price from Industrial Average") + 
  labs(title="Notable Companies Whose Correlational Performance Exceeded Their Respective Industry", subtitle="Mixed-Effect Linear Regression Analysis of How Percentage Change in Share Price Correlates with Net COVID-Related Sentiment")

BarGraph_StatSig_Firms
```
```{r}
select_company=c("Carmax Inc")

Closing_Share_Price_Across_Time_DropNA_highlight <- Closing_Share_Price_Across_Time_DropNA |> 
  mutate(highlight=case_when(company_name %in% select_company ~ TRUE,
                               .default=FALSE))
```


```{r}

Closing_Share_Price_Across_Time_DropNA_highlight |> 
  filter(Industry==(Industry[(Closing_Share_Price_Across_Time_DropNA_highlight$company_name=="Lovesac Co")] |> unique())) |> 
  ggplot(aes(x=Day_of_EarningsCall, y=Percent_Change_bt_DayBefore_y_DayAfter)) +
  geom_point(aes(size=Covid_Net_Sentiment, color=highlight), alpha=0.7, show.legend=FALSE) +
  geom_smooth(method=lm, formula=y ~ x) + 
  scale_color_manual(values=c("orange", "black")) +
  # scale_size_manual(values=c(1, 3)) +
  # geom_label_repel(data=Closing_Share_Price_Across_Time_DropNA_highlight |> filter(highlight==TRUE), aes(label=company_name)) +
  stat_poly_eq(use_label(c("eq", "adj.R2", "f", "p", "n")), vstep=22, size=3.8) 

```



```{r}
# vcov(PercentChange_SharePrices_HierchicalIndustryCompany)
```



















